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US economic growth slows in first quarter as businesses draw down inventories

The first decline in private inventories in 1-1/2 years reported by the Commerce Department in its snapshot of first-quarter gross domestic product on Thursday is potentially good news for the economy this quarter as it faces a possible recession by year end.

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​ The first decline in private inventories in 1-1/2 years reported by the Commerce Department in its snapshot of first-quarter gross domestic product on Thursday is potentially good news for the economy this quarter as it faces a possible recession by year end. The first decline in private inventories in 1-1/2 years reported by the Commerce Department in its snapshot of first-quarter gross domestic product on Thursday is potentially good news for the economy this quarter as it faces a possible recession by year end.  Moneycontrol Latest News Read More  

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