Experts surprised again!!!
Who exactly are these people???
Just wait till the lag time of continued high gas prices and increases in prices at the retail level catche up.
Weak 'Recovery' Continues, Economy Slows to 2.2%
The American economy grew slower than predicted in the first quarter, as increased consumer spending was offset by slumping data in other areas.
Gross domestic product, the broadest measure of the nation's economy, grew at a 2.2% annual rate in the first three months of 2012, the Commerce Department said Friday.
That marks a slowdown from a 3% growth rate in the prior quarter, and was weaker than the 2.5% rate economists had been expecting.
The quarter was characterized by consistently stronger retail sales but otherwise fickle economic data.
Job growth started off robust in January, but then faltered in March. Home construction picked up at the beginning of the year, but then slumped. Inflation had been picking up earlier in the year amid rapidly rising gas prices, but has since moderated.