U.S. Second-Quarter GDP Downgraded
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The U.S. economy grew more slowly in  the second quarter than first thought amid shrinking corporate  profits and higher imports, the government said on Friday in a  report that confirmed momentum faltered in the spring.
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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 U.S. economy grew slightly better than first estimated in the first quarter, but still at the weakest pace in more than four years and inflation grew as well, data on Thursday showed.
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Softening a surprise, pushing stocks and yen lower; economists say there&#39;s little cause for alarm. TOKYO  - Japan revised downward second-quarter economic growth Friday to 0.3 percent from an initial
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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 US gross domestic product grew only 2.2 percent last quarter.
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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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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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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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Expected 2007 eurozone economic growth is downgraded after the recent markets turmoil.
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The US economy grew more slowly in the second quarter than first thought amid shrinking corporate profits and higher imports, the government said on Friday in a report
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NEW YORK - A sluggish gross domestic product reading was nonetheless better than expected, prompting investors to send stocks slightly 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 net wealth of U.S. households   rose in the second quarter but domestic debt grew at the   slowest pace since the first quarter of 2002 as household   mortgage and business debt growth moderated, the Federal   Reserve said on Tuesday.
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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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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 net wealth of U.S. households  rose in the second quarter but domestic debt grew at the  slowest pace since the first quarter of 2002 as household  mortgage and business debt growth moderated, the Federal  Reserve said on Tuesday.
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Skyrocketing energy prices are   expected to help lead to subdued U.S. economic growth for the   second half of this year, averaging 2.6 percent, according to a   survey of economists released on Monday.