Friday, April 27, 2012
The economy grew at an annual rate of 2.2% in the first quarter of 2012.
"The U.S. economic expansion continues at a modest to moderate rate, with little momentum but should pick up somewhat later this year as business investment gets back on track," said Sal Guatieri, chief U.S. economist at BMO Capital Markets
The 2.2 percent overall increase in the economy in the first quarter marked the 11th consecutive quarter that the gross domestic product has expanded since the deep 2007-2009 recession ended in June 2009. But the gains have been far below the usual increases coming out of a deep recession.
Read more at OregonLive.com.
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