September 1, 2014 | Updated 3:00am

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Monday, March 24, 2014

At The Margins

Hampered By Severe Weather, Economy Weakens In First Quarter

Signs Point To Continued Slow But Steady Recovery


After accelerating at the end of last year, the economy slowed in the first quarter of 2014, weakened by severe weather. Reported economic growth in the second half of 2013 was relatively strong, though temporary factors, including surges in inventories and exports, were significant drivers. Inventory investment contributed to almost half of GDP growth during that period, and economists are looking for weaker numbers in the near term as businesses work off the excess inventory.

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