Economic Growth Slows, Inflation Up
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The U.S. economy grew at a  weaker-than-expected 3.1 percent annual pace in the final  quarter of 2004, 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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Economic growth clocked in at a 2.6 percent pace in the spring, even slower than previously thought.
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While the U.S. economy continued to  grow in late July and August, growth slowed in several regions  as household spending softened, the Federal Reserve said on  Wednesday.
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The U.S. economy grew at a weaker-than-expected 3.1 percent annual pace in the final quarter of 2004 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 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 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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WASHINGTON -- The economy logged slower growth in the early fall as troubles in the housing and credit markets weighed on companies and individuals alike, the Federal Reserve reported Wednesday.
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The U.S. economy will grow at a  sluggish pace for the remainder of this year and into 2007 as  the worst of inflationary pressure is yet to come, a survey of  top forecasters showed on Thursday.
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The U.S. economy is forecast to slow slightly next year, and inflation is expected to ease from this year's pace, the Philadelphia Federal Reserve Bank said on Tuesday.
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Singapore&#39;s economic growth slowed to 7.7 percent in the third quarter after a 12.5 percent rise in the previous three months, as its central bank said it would keep a tight rein on monetary policy to support growth amid rising oil prices.
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The Federal Reserve said the economy appeared to be growing at a âmoderateâ pace but offered a somewhat cautious reading on inflation.
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WASHINGTON -- Consumer inflation slowed sharply last month as energy prices moderated, brightening prospects for future economic growth.
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The Fed is tightening, but long-term rates aren't keeping up. Some worry that economic growth will slow.
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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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U.S. 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 speed at which  the U.S. economy can grow without risking inflation has likely  dropped due to slower labor force growth, but the productivity  gains that help restrain inflation should stay strong, Federal  Reserve Chairman Ben Bernanke said on Thursday.
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The U.S. economy will grow slowly during the first half of the year, but pick up strength as the months pass, a survey of top forecasters showed on Saturday.