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Economists expected a much higher rate of growth than the 3.1 percent GDP growth that occurred last quarter. Now many are scratching their heads.
Photo of Wall Street (Image by Wikimedia user Agamitsudo (cc:by-sa))
The question is: Will the economic slowdown continue? Or is this simply a bump in the road? Louise Story, Wall Street and Finance reporter with the New York Times puts it in perspective.
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“The Takeaway” is a national morning news program, delivering the news and analysis you need to catch up, start your day, and prepare for what’s ahead. The show is a co-production of WNYC and PRI, in editorial collaboration with the BBC, The New York Times Radio, and WGBH.