2014 was supposed to be the year that the economy finally broke out of its subpar, post-crisis pace of growth. But the first few months of the year were a big disappointment, and in fact Q1 GDP was decidedly negative.
Of course, the economic bulls had an excuse for this: Weather. It was well known that there was an unusual amount of cold and snow at the start of the year, and that kind of weather keeps people home.
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