US economy likely slowed last quarter, but rebound expected

WASHINGTON (AP) — The U.S. economy likely slowed significantly in the first three months of the year, though economists foresee a sharp rebound in the current April-June quarter on the strength of solid job growth, higher consumer confidence and stock-market records.The government on Friday will release its first of three estimates of growth for the January-March quarter as measured by the gross domestic product. The expectation is that annualized GDP growth will amount to around 1 percent