Love the headline, it is almost as if the media is disappointed that the country did not post a loss Since the media has been talking about a recession since last year.
Economy limps ahead at a 0.6 percent pace in first quarter, better pace than expected
WASHINGTON (AP) -- The bruised economy limped through the first quarter of this year at only 0.6 percent as housing and credit problems forced people and businesses alike to hunker down.
The country's economic growth during January through March was the same as in the final three months of last year, the Commerce Department reported Wednesday. The statistic did not meet what economists consider the classic definition of a recession, which is a retraction of the economy. This means that although the economy is stuck in a rut, it is still managing to grow, even if modestly.