Economic growth in '07 weakest in five years
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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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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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UK economic growth is unexpectedly revised down to 0.7% in the three months to June, official figures show.
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The slowdown may signal that the economy is shifting down a notch from its unexpectedly robust pace of growth at the end of last year.
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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 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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The economy grew by 0.8 percent in the second quarter of this year compared with 0.7 percent during the first three months of 2007, according to official data published on Friday.
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The economy grew at a 0.7 percent  annual pace in the first three months of this year, the weakest  in more than four years, but a closely watched inflation gauge  unexpectedly accelerated, data showed showed on Thursday.
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The US gross domestic product grew only 2.2 percent last quarter.
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A think tank at People's University has forecast China's economic growth will slow to about 9.25 percent in 2007 and remain near that rate through 2010, the Beijing News reported on Sunday.
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The economy grew at a 0.7 percent  annual pace in the first three months of this year, the weakest  in more than four years as businesses sold off inventories but  consumer spending remained strong, a Commerce Department report  on Thursday showed.
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The U.S. economy will expand at a  weak pace next year, setting the stage for lower interest  rates, according to a UCLA Anderson Forecast report released on  Thursday.
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WASHINGTON -- The economy nearly stalled in the first quarter with growth slowing to a pace of just 0.6 percent. That was the worst three-month showing in over four years.
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The UK economy grew at its fastest rate in three years in 2007, but growth slowed towards the end of year.
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The US economy expanded at a slower-than-expected 3.7 percent annual pace in the third quarter of 2004, the government said in the last major economic report before the November 2 election.
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The U.S. economy will expand at a weak pace next year, setting the stage for lower interest rates, according to a UCLA Anderson Forecast report released on Thursday.
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Over all, the economy expanded by 2.2 percent in inflation-adjusted terms for all of 2007, the slowest rate of growth in five years.