Doubts have been cast over the strength of the US economic recovery after output grew at an annualised rate of only 1.8 per cent in the first quarter.
A surge in oil prices held back consumption growth, while public spending fell at every tier of the US government.
Most analysts expect the weakness to be temporary but government support for the economy will start to fade later in the year, so the lack of any acceleration in growth points to years of further pain for the world?s largest economy.
Related Topics: economy
Source: http://www.realclearpolitics.com/2011/04/29/gdp_casts_doubt_on_us_recovery_254603.html
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