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  • SUNJOCK AUTO
    SunStream
    2am - 6am
  • Shotty Shane
    Read & Win
    6am - 10am
  • Supa Hype
    SunRay
    10am - 2pm
  • Gary Freestyle
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    2pm - 6pm
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    SunCity Sunite's Selection
    6pm - 10pm
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US economy contracted in first quarter of 2014

The US economy shifted into reverse in the first three months of 2014 shrinking by an annualised rate of 1%, official estimates have shown. It is the worst economic performance since the first quarter of 2011. It is also a big fall on the 2.6% rise in economic output in the final quarter of last year. The US Commerce Department&;s first reading of gross domestic product (GDP) showed the economy grew at an annualised rate of just 0.1%.