Economy is expected to improve as year progresses

Published April 30, 2014 10:13am ET



WASHINGTON (AP) — The economy likely stumbled at the start of this year, but there’s probably little reason to worry: Economists foresee a solid rebound with the end of a harsh winter.

The Commerce Department on Wednesday will issue the first of three estimates of how fast the economy grew in the January-March quarter. The expectation is that growth slowed to an annual rate of around 1.1 percent, a lackluster pace that would be sharply down from a 2.6 percent annual growth rate in the previous quarter.

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