U.S. Economy Slows

The first quarter GDP was released this morning coming in at 2.2%, while still a positive number, economist were looking for the economy to have grown by 2.5%.  The GDP reading missed estimates despite a milder-than-normal winter which boosted economic activity.  This was also a much lower reading than fourth quarter GDP of 3.0%. Some are now worried that the economic slowdown in the Eurozone and China is now spreading to the U.S.