4th-Qtr Economic Growth Slows, Inflation Up
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The U.S. economy grew at a  weaker-than-expected 3.1 percent annual pace in the final  quarter last 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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The economy grew at a 3.8 percent annual rate in the April-to-June quarter, slightly less robust than a previous estimate of a 4 percent growth rate.
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OTTAWA (CP) - Weighed down by a strong dollar, the economy will grow at a slightly slower pace this year than previously thought, the Bank of Canada said Thursday.
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Restrained by a worse-than-expected slump in housing, the economy will grow at the slowest pace in five years in 2007, leading economic forecasters say. They predict consumers will get a break on inflation from falling energy prices.
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Growth in China's main indicator for inflation slowed to 4.3 percent in October, significantly lower than the 5.2 percent annual increase the month before, the government reported Friday.
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The UK&#39;s economic growth slowed in the third quarter as manufacturing output declined, preliminary data has shown. Gross domestic output (GDP) increased 0.4% in the three months to 18 October, according to
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Federal Reserve policy makers are forecasting slower economic growth, higher unemployment and higher inflation.
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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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The economy logged decent but slower growth in the early summer as some consumers tightened their belts. Despite high energy prices, overall inflation remained fairly moderate.
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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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The economy grew at a slower pace than previously thought during the second quarter, official data has shown.
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A closely watched gauge of consumer inflation fell in May to its slowest annual pace in three years, while Midwest business activity kept expanding in June at a healthy clip, reports on Friday showed.
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Housing data and a gauge of business  spending in June released on Thursday signaled slower U.S.  economic growth ahead, leading many to believe the Federal  Reserve is less likely to raise interest rates next month.
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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 is still caught between slowing growth and stubborn inflation pressures, new government reports showed Tuesday.
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U.S. economic growth, while  improving, has not hit the pace it was expected to do by now,  Federal Reserve Governor Mark Olson said on Monday.
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U.S. worker productivity grew at a  slower pace than initially estimated during the first three  months of this year as the economy just inched ahead, driving  up labor costs and backing Federal Reserve sentiments that  inflation is indeed a concern.