Tag Archives: moderation

U.S. growth slows as inventory accumulation wanes

WASHINGTON (Reuters) – U.S. economic growth likely cooled modestly in the first quarter as replenishing of inventories by businesses slowed, though stronger demand for automobiles and a lift to homebuilding from warm weather blunted the blow. Gross domestic product is expected to have expanded at a 2.5 percent annual rate, according to the median of a Reuters poll. Continue reading

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