US economic growth cools to 2.8 percent pace in second quarter
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WASHINGTON : The US economy braked harder than first thought in the second quarter, posting a tepid 2.8 percent annual growth rate as consumers gripped their purses, a government report showed.
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The gross domestic product, the broadest measure of economic output, grew at a 3.3 percent annual rate in the second quarter, the Commerce Department reported yesterday, revising its earlier estimate of 2.8 percent.
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The U.S. economy will grow at a  moderate clip in 2007 as consumer spending growth slows and  business spending moderates during the second half, a key  economic forecast released on Tuesday showed.
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The economy grew at a slower pace than previously thought during the second quarter, official data has shown.
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NEW YORK - A sluggish gross domestic product reading was nonetheless better than expected, prompting investors to send stocks moderately higher Friday on hopes that the economic slowdown would not be as bad as first thought.    The 2.8 percent GDP growth in the second quarter, a revision from the 3 percent preliminary figure reported in July, is a far cry from the 4.5 percent growth in the first quarter...
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The US economy grew at a strong pace of 4.0 percent in the second quarter, the government said Thursday in a revised estimate of gross domestic product for the April-June period.
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The US economy slowed more sharply in the second quarter than first thought as oil prices rose and the trade gap swelled, the government said on Friday in a report that confirmed momentum faltered in the spring.
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The US economy performed better than initially thought in the second quarter of 2006, revised data shows.
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A cooling housing market helped slow   U.S. economic growth more steeply than expected in the second   quarter, the government reported on Thursday, while corporate   profits grew feebly.
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Business growth slowed to a 2.2 percent pace in the late summer, a much better performance than anticipated and an encouraging sign that the housing slump hasn't significantly dragged down the economy.
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The US economy grew at an annualized rate of 3.3 percent in the second quarter of this year,significantly better than a previously estimated growth rate of 2.8 percent, but
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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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Struggling under the weight of a bloated trade deficit, the U.S. economy grew at a relatively modest 2.8 percent annual rate in the second quarter.
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WASHINGTON - The U.S. economy, struggling under the weight of a bloated trade deficit, grew at a relatively modest 2.8 percent annual rate in the second quarter, a slower pace of expansion than previously thought...
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A string of government reports yesterday offered a mixed picture of the US economy. Worker productivity grew at a 2.5 percent annual rate in the second quarter, the
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Robust business investment helped push U.S. second-quarter growth ahead at an upwardly revised 4 percent annual rate, the government reported on Thursday, the fastest pace since early last year but one that is unlikely to be sustained.
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U.S. chief executives' outlook on the economy dimmed in the second quarter, though they still expect growth, according to a quarterly survey by the Business Roundtable released on Tuesday.