The US economy stalled in the first quarter, growing at a tepid 0.7 percent. But economists say the ragged quarter was an aberration and predict growth will rebound during the spring and summer.
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The US economy got off to a rocky start this year. That's according to the latest numbers from the Commerce Department. The economy grew at just 0.7 percent in the first quarter, the weakest rate in three years. Growth barely above zero is nobody's idea of boom time, but as NPR's Chris Arnold reports, it may not be as bad as it looks.
CHRIS ARNOLD, BYLINE: President Trump says his policies are going to dramatically boost economic growth. But this report seems to show that that is not happening yet.
BETSEY STEVENSON: I think that there's probably a lot of disappointment in the White House today.
ARNOLD: Betsey Stevenson was an economic adviser to President Obama, so she knows what it's like for a White House to get a weak report on the economy.
STEVENSON: They were hoping to see a big Trump bump in the Q1 GDP estimate. And obviously the only way to see that bump is to squint.