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Worried about the slowing US economy? Don't turn to Warren Buffett for comfort

Billionaire investor Warren Buffett is offering little in the way of reassurance about the "very slow growth" U.S. economy.

Speaking in advance of Saturday's annual Berkshire Hathaway shareholders meeting in from Omaha, Nebraska, Buffett told CNBC: "It's certainly not accelerating ... [but] it's not declining."

The interview aired on CNBC's "Squawk Box" on Friday, a day after the government's initial look at first-quarter gross domestic product showed a weaker-than-expected annual increase of just 0.5 percent.

Reacting to the dismal numbers, the Berkshire chairman and CEO said: "The economy is not...