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Cold weather hit the U.S. Ferroalloy economic in the first quarter

Source: Time:2015-02-11 10:56:13 frequency:

In the first quarter of this year America's ferroalloy economic growth slowed sharply, anthe economic growth rate is only 0.1%.
In the first quarter of this year America's ferroalloy economic growth slowed sharply, anthe economic growth rate is only 0.1%. Affected by cold weather and weak exports, this also is economic recovery over the past five years the us economy is one of the slowest quarterly. 

Economic figures released by the us department of commerce30, according to the U.S. ferroalloy economy in the first quarter of this year is almost stagnant, real gross domestic product (GDP) growing at an annual rate of only 0.1%,economic growth is significantly lower than economists had expected on average. U.S. economic growth in the fourth quarter of last year was 2.6%, and since June of 2009 the United States since the financial crisis and economic recession, the United States maintained at between 2% and 3% annual rate of economic growth. 

Since this year, the Commerce Department said, unusual and destructive cold weather, and a sharp drop in exports, is the main reason for the quarter slowdown. Economists believe that if the us economy is only temporarily slow due to the cold weather, the weather warms up, as the U.S. economy should rebound. data

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