US economic growth slows in second quarter
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WASHINGTON - The US economy grew by less than initially projected between April and June, coming in at an annual rate of 2.8 per cent.
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The US economy saw limited growth from mid July, says the Federal Reserve in its Beige Book survey.
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WASHINGTON -- The economy grew at a sluggish 2.2 percent pace in the final quarter of last year, much slower than initially thought as businesses tightened their belts amid fallout from the troubled housing and automotive industries.
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Skyrocketing energy prices are   expected to help lead to subdued U.S. economic growth for the   second half of this year, averaging 2.6 percent, according to a   survey of economists released on Monday.
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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 U.S. economy grew at a 2.9   percent annual pace in the second quarter, faster than   originally reported but less of an upward revision than   expected, as higher business investment offset a drop in   residential construction, a Commerce Department report showed   on Wednesday.
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The US economy weakened in the first quarter with a sluggish 0.6 percent growth pace, data showed Thursday, but many analysts said they see signs of a rebound ahead.
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Struggling under the weight of a bloated trade deficit, the U.S. economy grew at a relatively modest 2.8 percent annual rate in the second quarter.
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The economy grew by 0.8 percent in the second quarter of this year compared with 0.7 percent during the first three months of 2007, according to official data published on Friday.
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The U.S. economy grew at a softer pace than first estimated in the final three months of last year as businesses slowed production to work off inventories and consumers spent less.
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The U.S. economy will grow at a moderate clip in 2007 as consumer spending growth slows and business spending moderates during the second half, a key economic forecast released on Tuesday showed.
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The euro-zone economy grew by 0.5 percent in the second quarter of 2004, a touch slower than in the first three months of the year, according to initial estimates released Tuesday by the European Union.
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The U.S. economy, struggling under the weight of a bloated trade deficit, grew at a relatively modest 2.8 percent annual rate in the second quarter, a slower pace of expansion than previously thought.
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The U.S. economy grew at a  weaker-than-expected 3.1 percent annual pace in the final  quarter last year, its slowest since the beginning of 2003 as  the country's trade performance deteriorated and inflation  picked up, a government report on Friday showed.
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The US economy braked harder than first thought in the second quarter, skidding to a 2.8 percent annual growth rate as consumers gripped their purses, a government report showed.
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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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WASHINGTON -- Business growth slowed to a 2.2 percent pace in the late summer, a much better performance than anticipated and an encouraging sign that the housing slump hasn't significantly dragged down the economy.