Both reported and economic earnings are declining, and weak first quarter economic data has economists starting to utter the dreaded R - word, recession. (newconstructs.com)
The disappointing March report fits within a trend we've seen for at least the last five years: weak first quarter data followed by stronger numbers during the back half of the year. (blackrockblog.com)
Our U.S. economics team has noted that this «residual seasonality» consistently distorts GDP, leading to weak first quarter growth. (morganstanley.com)