A slew of bad earning reports marked the first quarter, leaving the impression that the U.S. economy shrank, Inc. reports. But the second quarter looks more promising.
“The contraction may be short-lived,” reporter Jeremy Quittner writes on Inc “From a small business perspective, I would expect if this impacted you at all, the negative print in the first quarter would feel transitory,” given that the biggest factors that caused the first quarter slumps were the Northeast’s bad weather and dropping oil prices.
But improvements that helped lift the economy last quarter included the strong dollar, and a growth in the housing and construction industries.
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