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Featured Advisor

Kim Butler

Partners for Prosperity, Inc.

City:Mt. Enterprise

State: TX

I have 20+ years of handling alternative investments in cash, growth and income for clients nationwide.  I strive to help my clients with all things financial in every way possible over the phone and the web.  I own an alpaca farm which I enjoy working during my downtime.  I also enjoy gardening, writing and reading books.  I also train other advisors on Prosperity Economics.

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GDP Growth Slows

Combined factors slow the rate of groth for the US gross domestic product

Federal, state and local spending cuts have slowed economic productivity in the first three months of the year, the Commerce Department reported today in its revised estimate of the gross domestic product for the first quarter of 2011.

The GDP increased at an annual rate of 1.8 percent in the first quarter of 2011, said the department’s Bureau of Economic Analysis, compared to a 3.1 percent increase for the fourth quarter of 2010.

Imports, which subtract from productivity were also up sharply in the first quarter, the BEA said. A slowdown in consumer spending also dampened growth.