Economic Growth Slows to 0.7 Pct. Pace
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WASHINGTON -- The economy limped ahead at just a 0.7 percent pace in the first quarter, the slowest in more than four years, as some businesses clamped down on spending given uncertainties about the severity of the housing slump.
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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 Commerce Department said Friday that the economy grew at a 3.7 percent annual rate in the third quarter  --  less than economists expected.
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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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A slowdown in US economic growth during the second quarter was not as sharp as previously thought, the Commerce Department reported today.
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SINGAPORE - Singapore&#39;s economy slowed in the third quarter but still recorded growth of 7.7% year-on-year, the government said Monday.
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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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US home sales and price declines in 2007 are going to be steeper than earlier forecast, contributing to slower economic growth, the National Association of Realtors said.
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The economy could be headed for slower growth in the next several months, according to a report released Thursday by a private research group.
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The U.S. economy should experience slower growth than originally anticipated for the remainder of the year and in 2007, the White House said Tuesday.
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The US economy grew at a pace of 2.2% in the last three months of 2006, down from a previous estimate of 3.5%.
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The US economy grew at a slower-than- expected 3.7 percent annual rate in the third quarter as rising oil prices contributed to a record trade deficit and companies added less to inventories.
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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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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 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.
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WASHINGTON -- The economy nearly stalled in the first quarter with growth slowing to a pace of just 0.6 percent. That was the worst three-month showing in over four years.
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Britain's economy grew 0.7 percent in the third quarter, according to official data published Thursday.