US Economy Makes 1st Downturn Since 2011

MONEY(CNN) — The U.S. economy didn’t fare as well as once thought at the beginning of the year.

According to the Bureau of Economic Analysis, the gross domestic product, which is the broadest measure of economic growth, fell at a 1% annual pace in the first quarter.

That’s the first downturn since 2011.

Previous numbers had shown a modest growth.

But experts aren’t too worried about the new figures.

They say January through March tends to be the slowest for growth and a bounce back is expected in the Spring.

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