Economy

April 27, 2012

Weak growth of U.S. economy in first quarter renews fears of stalled recovery

The U.S. economy’s weaker-than-expected growth in the first three months of this year renewed concerns Friday that the nation’s fragile recovery might stall. Much of the drag against growth reported Friday came from falling government spending, which raises the stakes in the difficult political fight ahead over narrowing federal budget deficits and lowering the national debt.

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