U.S. economic growth slowed in the first three months of the year, after more than a year and a half of rapid expansion — a welcome cool-off that nonetheless raises questions about how the rest of the year might shake out.
The U.S. economy grew by an annualized rate of 1.6 percent in the first three months of the year, a sharp slowdown from the previous quarter’s growth rate of 3.4 percent, according to the Bureau of Economic Analysis’s measurement of gross domestic product, the sum of all of the goods and services produced in the country.
