The Commerce Department estimated last month that gross domestic product—the broadest sum of goods and services produced across the U.S.–grew at a paltry 0.2% annual pace in the first quarter. But a batch of data since then suggests output was far weaker, and the agency will release a revised estimate Friday at 8:30 a.m. ET.
The best guess of economists surveyed by The Wall Street Journal is that GDP fell at a 1% annual pace from January through March. That would mark the third time since the recession ended in mid-2009 that the economy shrank during a quarter.”