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May 29, 2015

Shrinking economy in 1st Q, but don't panic

  • Some sectors of the economy remain subpar, but the outlook has brightened considerably since winter.
    • By MARTIN CRUTSINGER
    AP Economics Writer

    WASHINGTON — Another first quarter of the year. Another reversal for the U.S. economy. Another expectation of a rebound to come.

    On Friday, the government will likely estimate that the economy shrank in the January-March quarter for a second straight year, depressed by brutal weather, a reeling energy sector and an export slump caused by a higher-valued dollar.


     
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