GDP growth slower in revision
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The US economy grew more slowly in the second quarter than previously stated, as it struggled under an increasing trade deficit and a slowdown in consumer spending, the Commerce Department said Friday.
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The British economy has grown at a slower pace than previously thought during the second quarter, owing to weak output from health and gambling sectors.
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The U.S. economy grew more slowly in the second quarter than first thought amid shrinking corporate profits and higher imports, the government said on Friday in a report that confirmed momentum faltered in the spring.
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The economy inched ahead by 2.2 percent in the fourth quarter of last year, down sharply from the governmentâs prior estimate of 3.5 percent.
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The Commerce Department said Friday US economic growth in the second quarter grew at its slowest pace since the first quarter of 2003.
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The U.S. economy grew at a  weaker-than-expected rate in the final three months of last  year, the government's latest estimate on Wednesday showed, as  businesses built fewer inventories and consumers spent less.
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The latest economic data point to an acceleration in the US economy after the weakest growth in over four years, but some analysts say a full recovery is not yet in sight.
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U.S. growth slowed in some parts of the country last month and private employers hired fewer people than expected, according to reports on Wednesday that chime with other weak signals from the economy.
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US economic growth slowed more than expected in the second quarter of 2006, revised official data says.
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WASHINGTON -- The economy almost stalled in the final quarter of last year with a growth rate of just 0.6 percent, culminating its worst year since 2002.
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U.S. incomes rose at a slower rate in August, and spending slowed, the Commerce Department said.
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A weak reading on the nationâs gross domestic product muted enthusiasm over a new spate of acquisitions.
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JapanÂs economy grew at a slower pace than previously reported in the most recent quarter, a sign that a long expansion may be losing steam.
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US business productivity grew more slowly in the third-quarter than first thought, a government report showed on Tuesday, with other economic indicators also painting a mixed picture for growth.
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The Organization for Economic Cooperation and Development revised down Tuesday its growth forecast for the United States this year.
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Softening a surprise, pushing stocks and yen lower; economists say there&#39;s little cause for alarm. TOKYO  - Japan revised downward second-quarter economic growth Friday to 0.3 percent from an initial
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The economy grew at a 0.7 percent  annual pace in the first three months of this year, the weakest  in more than four years as businesses sold off inventories but  consumer spending remained strong, a Commerce Department report  on Thursday showed.