Debate Magazine

U.S. Economy is Not Recovering. It’s SHRINKING

By Eowyn @DrEowyn

lemmingsNot only is the economy not recovering, it is worsening, as measured by Amerika’s gross domestic product (GDP).

In the last quarter, the United States’ GDP growth rate actually went negative, at -1.0%, which means the economy shrank by one percent.

The POS blamed the record cold for the negative economic growth rate while, at the same time, pushing the climate change global warming myth, never mind the cognitive dissonance.

first quarter gdp

The Wall Street Journal reports:

The U.S. economy contracted in the first quarter of 2014, the latest stumble for a recovery that has struggled to find its footing since the recession ended almost five years ago.

Gross domestic product, the broadest measure of goods and services produced across the economy, contracted at a seasonally adjusted annual rate of 1.0% in the first three months of the year, the Commerce Department said Thursday. It was the first time economic output contracted since the first quarter of 2011, when it declined at a 1.3% pace.

Government economists had previously estimated GDP slowed to a 0.1% growth rate in the first quarter as harsh winter weather disrupted work sites, curtailed foot traffic at retail stores and snarled transportation networks across much of the U.S. The newly revised estimate incorporates additional economic data released in recent weeks. Higher-than-expected imports and slower-than-expected inventory growth dragged the economy into negative territory.

H/t Gateway Pundit

Meanwhile, there’s really no end in sight for an economic recovery because:

truth

~Eowyn


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