U.S. Economic Outlook Dims
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The U.S. economic outlook dimmed on  Tuesday after reports said business productivity grew more  slowly in the third quarter than first estimated, labor costs  rose and other indicators signaled softening activity.
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The White House yesterday lowered its forecast for economic growth this year and next, reflecting the drag from the housing slump.
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Economists said the new numbers suggested that the economy may be weaker than many had thought.
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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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Concern about the economy has jumped to the front of voters' minds as optimism about the nation's direction has dipped to its lowest point in more than a decade, according to a new Washington Post-ABC News poll.
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In its fall outlook, the global lender cuts estimates for US GDP growth for both 2004 and 2005. WASHINGTON  - US economic growth should pick up in the second half of 2004 but costlier oil and weak
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The White House on Tuesday lowered its forecast for U.S. economic growth for this year and next, saying that the economy is moderating.
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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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US economic growth should slow over the coming year as consumers cut back on spending, but improved business confidence should help hiring, a wide-ranging survey of forecasters found.
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The U.S. economy is slowing but the  outlook is benign, while Japan is poised for its longest  post-war growth spell, OECD chief Angel Gurria said on  Thursday.
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WASHINGTON - Weighed down by high energy prices, the US economy grew slower than the government estimated in the April-June quarter, as higher oil prices limited consumer spending and contributed to a record trade deficit.
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The US economic outlook has suddenly darkened in the wake of data showing a stalling of the job growth machine, raising risks that a housing slump will lead to a full-blown recession, analysts say.
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U.S. chief executives' outlook on the economy dimmed in the second quarter, although they still expect growth, according to a quarterly survey by the Business Roundtable released on Tuesday.
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NEW YORK  - 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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The US economy grew at a slower pace than expected during the last three months of 2004, Commerce Department figures show.
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U.S. stocks fell on Thursday after weaker-than-expected durable goods data raised concerns about the outlook for the economy and profits.
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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.