Growth Outlook Worst in 5 Years
120423
WASHINGTON -- Strained by an ailing housing market and credit woes, the economy in 2007 is expected to log its worst growth in five years and should be somewhat sluggish next year.
725065
The Organization for Economic Cooperation and Development revised down Tuesday its growth forecast for the United States this year.
542852
A year ago, the housing market was cooling, interest rates were on the rise and the conventional wisdom was that 2006 would be the year that the U.S. economy sputtered. One could be forgiven for thinking that the Washington regional economy would slow down after a blistering three years.
138221
Home loan approvals in October fell to their lowest levels in nearly five years, according to figures released this morning by the Bank of England, confirming that the housing
358878
The housing market, in its deepest rut since the early 1990s, is likely to get worse in the near term, economists said.
529404
A barometer of future US economic activity fell for a fifth month in October, the longest decline since 1995, signaling that the world&#39;s largest economy may slow in coming months.
232830
The United States trade deficit shrank in 2007 for the first time in five years, buoyed by a surge in exports.
4231
A slowdown in the US will crimp global economic growth in 2007, a report from the OECD predicts.
92857
Business & money: Growth will slow markedly next year and is unlikely to see a recovery until after 2009, the CBI warns
155826
Evidence is mounting that 2007 was the worst year for the housing industry in nearly half a century.
177461
The IMF warns that the global credit crunch will lower economic growth next year, with the US hardest hit.
632442
The economy grew 2.8 percent in the fourth quarter, the fastest rate in 18 months, lifted by household spending and a boom in construction and mining, the government statistics bureau said. But the treasurer, Peter Costello, said a drought, the worst in a century, had weighed on farming. Gross domestic product grew 2.8 percent from the fourth quarter of 2005 and by 1 percent from the third quarter, the bureau reported. The result surprised most market analysts, who had expected interest rate increases to constrain growth. Analysts had expected growth of 2 percent.
764793
A key forecasting gauge of future U.S. economic activity fell for a fifth straight month in October, a private research firm said on Thursday.
609925
Latest data points to sluggish growth while bond investors fear inflation.
250508
Policy makers and Wall Street analysts are being forced to scale back their expectations for growth in the overall economy.
463773
Electricity shortages, now expected to be a fact of life for the next five years, are threatening economic growth.
504953
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.