U.S. economy shrank at 5% annual rate in Q1

U.S. GDP declined at a 5% annual rate in the first quarter. / AP FILE PHOTO/ BEN MARGOT
WASHINGTON (AP) – The United States economy shrank at an even faster pace than initially estimated in the first three months of this year with economists continuing to expect a far worse outcome in the current April-June quarter. The Commerce Department reported Thursday that the gross domestic product, the broadest measure of economic health, fell…

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