First-quarter growth weak, future looks brighter
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U.S. economic growth in the opening quarter this year was the weakest in more than four years as businesses sold off inventories and Americans imported more foreign goods, the government reported on Thursday.
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A weak reading on the nationâs gross domestic product muted enthusiasm over a new spate of acquisitions.
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WASHINGTON  -U.S. economic growth in the opening quarter this year was the weakest in more than four years as businesses sold off inventories and Americans imported more foreign goods, the government reported on Thursday.
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The results for the current quarter came in slightly below expectations and the company sounded a note of caution on the global economy.
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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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Strained by an ailing housing market and credit woes, the economy in 2007 will log its worst growth in five years and be somewhat sluggish next year, according to one forecast.
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The economy lost steam in the late summer but not nearly as much as first thought, a hopeful sign the country is weathering the housing slump.
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Makes solid gains in 'seasonally weaker quarter'
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U.S. economic growth slowed abruptly  during the second quarter to less than half the pace seen at  the beginning of the year, while a key gauge of inflation  accelerated, the Commerce Department said on Friday.
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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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WASHINGTON -- The economy grew at a sluggish 2.2 percent pace in the final quarter of last year, much slower than initially thought as businesses tightened their belts amid fallout from the troubled housing and automotive industries.
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Latest data points to sluggish growth while bond investors fear inflation.
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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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Economic growth slowed sharply in the third quarter to its weakest level since the run-up to last year&#39;s Iraq war, reinforcing expectations the Bank
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U.S. growth slowed in some parts of  the country last month and private employers hired fewer people  than expected, according to reports on Wednesday that chime  with other weak signals from the economy.
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Have weak first-quarter earnings pulled the plug on this party?
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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.