When the weather channel of USA today discusses economics it may be time to officially replace Joe LaVorgna with groundhog Phil...
The US economy shrank in the 1st quarter for the 1st time in 3 years due partly to bad weather that hampered activity http://t.co/S9rpaI9v2F [2]
— USA TODAY Weather (@usatodayweather) May 29, 2014 [3]
And in case you were wondering just how much the weather impacted the strong vibrant US economy...
[4]
A 3.5 percentage point plunge since the start of the year in the world's largest 'escape-velocity prone' economy due to some snow...
Or in real terms a $100 billion loss in US economic growth...sounds reasonable eh?