U.S. Economy Probably Grew at 0.8% Pace in First Quarter as Housing Sank

(Bloomberg) -- The U.S. economy probably grew at an
annual pace of 0.8 percent in the first quarter, the weakest in
four years as housing slumped, economists said before a
government report today.

The projected gain in gross domestic product compares with
a preliminary estimate of 0.6 percent issued last month, revised
figures from the Commerce Department may show. The forecast is
based on the median estimate of 73 economists surveyed by
Bloomberg News.


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