The U.S. economy went through a soft patch in the first quarter. Seasonal adjustment issues played a small role in tipping growth to the soft side. More importantly, a positive outlook for the rest of the year remains in place.
One of the key developments is that the January global market turbulence is behind us, for now. Key economic indicators in major economies maintain a forward momentum for the most part. U.S. economic growth during the rest of the year is predicted to advance at a decent clip.
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