US economy likely to rebound from slow 1st quarter

Published April 29, 2014 5:45pm ET



WASHINGTON (AP) — Expect a dreary report Wednesday when the government issues its first estimate of how fast the U.S. economy grew in the January-March quarter. Brutal weather kept consumers and businesses in hibernation for much of the winter and likely slowed growth to a scant annual pace of just 1.1 percent.

Yet thanks to a bounce-back in consumer spending, business investment and job growth, analysts foresee a strengthening economy through the rest of the year.

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