(Bloomberg) -- The U.S. economy grew in the first quarter at the slowest pace in more than a year, hobbled by flagging investment in business equipment and home construction, economists said before a government report today.
The projected 1.8 percent increase at an annual rate in gross domestic product, the sum of all goods and services produced, is the median estimate of 82 economists surveyed by Bloomberg News and follows a 2.5 percent gain in the fourth quarter. The growth rate would be the weakest since the last three months of 2005.
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