Report says U.S. economy will slow
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The U.S. economy will slow sharply this year and fall behind growth rates in most of the world, according to forecasts in a U.N. report released Wednesday.
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The U.S. economy will slow down slightly as the once-surging housing market cools but overall growth will soon bounce back, White House economic adviser Al Hubbard said on Thursday.
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US economic growth is expected to slow in 2005 due to rising interest rates and high crude oil prices, according to a forecast of participants at a Federal Reserve Bank of Chicago conference released on Monday.
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A slowing  economy may be a drag on corporate profits, some analysts say.
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TORRANCE, California  - President George W. Bush said on Wednesday the U.S. economy is slowing but is resilient and would overcome problems as it has in the past, following a government report showing growth slumped at the end of last year.
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EMERYVILLE, California  - A slowdown could keep   the U.S. economy from growing at a sustainable pace into   sometime next year, San Francisco Federal Reserve President   Janet Yellen said on Tuesday.
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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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US home sales and price declines in 2007 are going to be steeper than earlier forecast, contributing to slower economic growth, the National Association of Realtors said.
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he United States economy grew more slowly in the second quarter than previously stated, as it struggled under an increasing trade deficit and a slowdown in consumer spending, the Commerce Department said in a report today.
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A gauge of future economic activity showed the U.S. economy will slow in coming months, reversing recent gains and suggesting higher gas prices and a sluggish construction industry are beginning to take their toll
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The U.S. 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 I.M.F. said a cooling housing market is likely to trigger a slowdown in the United States economy and abroad.
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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 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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U.S. manufacturers expect the economy to  slow in 2007, as the weakening housing market continues to take  a toll on business, according to data released on Thursday.
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Wall Street may be on the defensive   this week if reports on housing and growth suggest the United   States economy is headed for an acute slowdown.
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The U.S. economy could see growth  decline further in 2008, depending on the full impact of the  U.S. housing sector slowdown, the top executive of railroad  Burlington Northern Santa Fe Corp  said on Tuesday.