Mexican Media Brands
U.S. Economy Shrank in First Quarter
America's gross domestic product contracted by an annualized 0.7% in January-March compared with the same period in 2014, according to the U.S.
#economics
Share
America's gross domestic product contracted by an annualized 0.7% in January-March compared with the same period in 2014, according to the U.S. Dept. of Commerce.
The department's Bureau of Economic Analysis initially estimated the economy grew by 0.2% in the first quarter. The bureau says real GDP increased 2.2% in the fourth quarter of 2014.
Analysts attribute the first-quarter slump to a harsh winter, reduced spending by state and local governments and a strong dollar that hurt exports. They say initial indications are that the American economy began expanding again in the current quarter.
RELATED CONTENT
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.