“Historically harsh” winter weather slowed U.S. economic growth substantially

As temperatures plummeted this past winter and snowstorms crippled parts of the Northeast, consumer spending nose-dived and U.S. economic growth stalled.

The Department of Commerce reported today that the gross domestic product (GDP) increased at just a 0.2 percent annual rate in the first quarter of 2015 compared 2.2 percent during the final quarter of 2014.

“The weather impact was evident in weakness in consumer spending,”Reuters reported .... http://www.washingtonpost.com