9:15 AM, Jun 25, 2014 • By GEOFFREY NORMAN
The final accounting on the 1st quarter for the economy is in and it is not pretty. As Jeanna Smialek of Bloomberg reports:
The slowdown – not to say “plunge” – in economic activity is widely blamed on the weather. We all knew it was cold but not that cold.
Still, with the storms of winter behind us, the recovery can resume.
With much to recover from.
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