U.S. Economy Contracted 0.7% in First Quarter

http://rss.nytimes.com/c/34625/f/640350/s/46c2349c/sc/24/l/0L0Snytimes0N0C20A150C0A50C30A0Cbusiness0Ceconomy0Cus0Eeconomy0Egdp0Eq10Erevision0Bhtml0Dpartner0Frss0Gemc0Frss/story01.htm

The revision downward, which was expected after a brutal winter, underscores the American economy’s seeming inability to generate much momentum.

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