US: Economic growth slows down in Q1 of 2015
April 30 , 2015
The US economy slowed down to a growth rate of 0.2% in the first quarter of 2015, official data show.
The figures are much lower than expected as analysts had forecast a 1% growth.
The slow growth is attributed to a number of factors including a severe winter that hit consumer spending, low oil prices which forced energy firms to cut investments, and a strong dollar which affected exports.
Experts say that the strike by dock workers also hampered growth.