Yesterday economists and the rest of the country let out a collective groan when the quarterly GDP numbers came out. The economy grew by a sad 1.8 percent in the last quarter. In the quarter before that, growth was at a healthy 3.1 percent. So what happened? Have we hit just a small bump in the road on the road to recovery, or is this a sign of a possible reversal?
Louise Story, Wall Street and finance reporter for our partner The New York Times says despite the fact that many economists are saying this is just a reflection of temporary problems that will work themselves out of our long term economy, we might want to be more cautious about our economic outlook.