The economy followed up a poor Q4 performance with another weak quarter for its first back-to-back quarter loss since 2015. For the first three months of the year, the economy mustered 0.1% growth, matching forecasts, thanks to a better than expected March month expansion of 0.5% versus a 0.4% estimate. A decline in exports and consumer spending attributed to the quarterly performance but is expected to get better in the second half of 2019 as demonstrated by improved economic data from the second quarter.

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