U.S. GDP slows to crawl in 1st quarter
The U.S. economy grew 1.3 percent in the first quarter, the Commerce Department reported Friday.
The growth rate was much slower than Wall Street expected, and is the worst quarterly performance in four years, and down from 2.5 percent in the fourth quarter of 2006.
The numbers could change by the time the department issues revised figures in several weeks.
Analysts are blaming the weak housing market as the main culprit behind lower productivity.
U.S. GDP slows to crawl in 1st quarter
