From January to March, the nation’s gross domestic product (GDP) took a big step backwards, contracting at an annual rate of 2.9%. The decline was the sharpest in five years. Economists attributed the weak economic showing to several causes: shrinking business inventories, a terrible winter throughout much of the country, and an unexpected dip in health care spending. That sector is expected to be volatile as the new health care law, which is expected to cut spending, takes effect.
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