Why Is U.S. Economic Growth So Disappointing?. Elaine Kamarck, June 8, 2015, Opinion. "First, the stark May 29 headline in The Wall Street Journal: "U.S. GDP Fell 0.7% in First Quarter." That's right: According to government data, the U.S. economy shrank at an annualized pace of 0.7 percent in the first three months of 2015. That's just one quarter, to be sure, but it's not good..." Link