First-quarter growth weakest in over 4 years
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WASHINGTON  -The U.S. economy grew at its weakest  rate in more than four years during the opening three months of  this year as businesses sold off inventories and Americans  imported more foreign goods, a Commerce Department report on  Thursday showed.
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Hit by a decline in manufacturing, Britain&#39;s economy grew only 0.4 percent in the third quarter, the weakest quarterly performance since the beginning of 2003, the government reported on Friday.
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U.S. growth skidded lower in the fourth quarter and was the weakest in five years for all of 2007, according to a government report on Wednesday that highlighted the toll an enfeebled housing sector has taken on the national economy.
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The economy grew at a 0.7 percent annual rate in the first three months of this year, the weakest in more than four years.
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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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Slumping corporate spending and exports caused the economy to slow to a crawl in the July-September period, with real gross domestic product expanding just 0.1 percent from the previous quarter, Cabinet Office data showed Friday.
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Economic growth slowed sharply in the third quarter of 2004 to its weakest since the run-up to the Iraq war early last year, reinforcing expectations
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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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The US economy grew at an annual rate of 2.2 percent in the fourth quarter, slower than the government first estimated, as companies stepped up efforts to curb inventories.
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The US gross domestic product grew only 2.2 percent last quarter.
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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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While the economic growth in the U.S. was significantly better than a previous estimate, it was still the weakest showing in more than a year.
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The pace of growth in U.S. service industries slowed in September and pricing power ebbed, according to a report on Wednesday that showed a key service sector index falling to its lowest since April 2003.
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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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LONDON: The British economy braked sharply in the third quarter when growth slowed to 0.4 per cent, the weakest pace for over a year, as a string of interest rate rises took effect, official figures showed yesterday.
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The U.S. economy will barely manage to grow in the first quarter this year while inflation will remain somewhat elevated, a quarterly survey issued by the Philadelphia Federal Reserve Bank showed on Tuesday.
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The U.S. economy will barely manage to  grow in the first quarter this year while inflation will remain  somewhat elevated, a quarterly survey issued by the  Philadelphia Federal Reserve Bank showed on Tuesday.