US First-quarter GDP seen at 3 percent but momentum ebbs

Economic growth probably gained steam in the first quarter on strong consumer spending, but the momentum is already ebbing and could slow further as the impact of automatic government spending cuts kick in. Gross domestic product likely expanded at a 3.0 percent annual rate, according to a Reute…

Originally posted here:
US First-quarter GDP seen at 3 percent but momentum ebbs

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