US GDP: Just A 2.2 Percent Growth Rate In Q1

April 27, 2012 2:25 pm

Here is some news that might make you think for a minute about the word growth – we spotted this today:

“The U.S. economy grew more slowly in the first three months of this year. Stronger consumer spending was offset by cutbacks in government spending and business investment.

The Commerce Department said Friday that the economy expanded at an annual rate of 2.2 percent in the January-March quarter, compared with a 3 percent gain in the final quarter of 2011. Consumers spent at the fastest pace in more than a year.”

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