Commerce Secretary on GDP Contraction: ‘Things Are Actually Pretty Good’

‘The first quarter is something that’s not unexpected’

PRITZKER: “Actually I think – think we are actually pretty good. The first quarter is something that’s not unexpected given the severity of the winter, given the fact that we had the west coast ports slowed down which affected inventories, and consumers are still not spending the savings that they’re getting from the gas -- the fact that gas prices are lower. So this is -- I think things are actually trending pretty good.”

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