Greece Outside In: US economy shrinks 0.7% in first quarter as strong dollar eats into growth

Falling oil prices and harsh winter also blamed for weak first quarter which had been expected by economists and is expected to be temporaryA harsh winter, a strong dollar and falling oil prices took their toll on the US economy in the first quarter, the Commerce Department revealed on Friday. Related: Greek bank deposits hit 10-year low; US economy contracts - live updates Continue reading...