Today’s Wall Street Journal posted a story about the latest Gross Domestic Product numbers. The article included the following graph:
The Wall Street Journal reported that the Gross Domestic Product grew at a seasonally adjusted annual rate of 0.1% in the first quarter of 2014.
The article in the Wall Street Journal explains some of the factors responsible for the low economic growth. Some suggested causes were the extremely cold winter which slowed consumer spending, and the sudden drop in exports, declining at a 7.6% pace in the first quarter.
Obviously, this is not the robust economy the President has been claiming.