U.S. Economy Slows at Start of Year

Global Business

In this March 26, 2014 picture, Jon Wyand works on a truck engine assembly line at Volvo Trucks’ powertrain manufacturing facility in Hagerstown, Md. The Commerce Department releases first-quarter gross domestic product on Wednesday, April 30, 2014. (AP Photo/Patrick Semansky)
Published May 1, 2014 at 4:55 PM

In the first quarter of 2014, the U.S. economy grew only 0.1%, losing some footing after a strong sprint at the end of last year. Economists are blaming the severe winter for a slow down in exports and business investments. Despite some concerns about the housing market, economists say it’s not a sign of weakness. CCTV’s Daniel Ryntjes reports.

Follow Daniel Ryntjes on Twitter@danielryntjes

U.S. Economy Slows at Start of Year

In the first quarter of 2014, the U.S. economy grew only 1/10 of 1%, losing some footing after a strong sprint at the end of last year. Economists are blaming the severe winter for a slow down in exports and business investments. Despite some concerns about the housing market, economists say it's not a sign of weakness. CCTV's Daniel Ryntjes reports.