To the Point

Drop in Gross Domestic Product Could Have Been Worse

The US economy shrank last year, but not as fast as expected. Instead of a predicted drop of 5.1 percent, it was only 3.8. That's hardly good news. Paul Ashworth, who analyzes the US economy for foreign investors and large banks, is senior US economist at Capital Economics in Toronto.

By Warren Olney • May 12, 2014 • 1 min read

The US economy shrank last year, but not as fast as expected. Instead of a predicted drop of 5.1 percent, it was only 3.8. That's hardly good news. Paul Ashworth, who analyzes the US economy for foreign investors and large banks, is senior US economist at Capital Economics in Toronto.

Warren Olney
former KCRW broadcaster
Paul Ashworth
Senior US Economist, Capital Economics

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To the Point

Drop in Gross Domestic Product Could Have Been Worse

The US economy shrank last year, but not as fast as expected. Instead of a predicted drop of 5.1 percent, it was only 3.8. That's hardly good news. Paul Ashworth, who analyzes the US economy for foreign investors and large banks, is senior US economist at Capital Economics in Toronto.

Share

To the Point

Drop in Gross Domestic Product Could Have Been Worse

The US economy shrank last year, but not as fast as expected. Instead of a predicted drop of 5.1 percent, it was only 3.8. That's hardly good news. Paul Ashworth, who analyzes the US economy for foreign investors and large banks, is senior US economist at Capital Economics in Toronto.

Share