U.S. Exports Drop; First-Quarter Growth Seen Lower Than Forecast
U.S. exports fell in February, the trade gap widened, and initial claims for jobless benefits climbed last week, but service sector activity increased last month. Economists now say first-quarter U.S. growth is likely to be much less than expected after robust 2.6% annualized growth in the fourth quarter. Looking ahead, however, exports and the economy are expected to pick up their pace.
Trenton H. Cotney
Florida Bar Certified Construction Lawyer
Trent Cotney, P.A.
407 North Howard Avenue
Tampa, FL 33606