Growth in U.S. Economy Is Slower Than Thought
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The economy inched ahead by 2.2 percent in the fourth quarter of last year, down sharply from the governmentâs prior estimate of 3.5 percent.
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A slowdown in US economic growth during the second quarter was not as sharp as previously thought, the Commerce Department reported today.
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The U.S. economy will barely manage to grow in the first quarter this year while inflation will remain somewhat elevated, a quarterly survey issued by the Philadelphia Federal Reserve Bank showed on Tuesday.
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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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The U.S. economy should experience slower growth than originally anticipated for the remainder of the year and in 2007, the White House said Tuesday.
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U.S. business productivity grew more  slowly in the third-quarter than first thought, a government  report showed on Tuesday, with other economic indicators also  painting a mixed picture for growth.
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The US economy slowed less than previously estimated in the second quarter as exports and inventories grew, revised numbers from the government show.
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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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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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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 slightly better than previously estimated, data showed  on Thursday.
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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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The US 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 Friday.
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The U.S. economy grew at a softer pace than first estimated in the final three months of last year as businesses slowed production to work off inventories and consumers spent less.
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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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The US economy saw limited growth from mid July, says the Federal Reserve in its Beige Book survey.
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WASHINGTON -- 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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The economy grew at a sluggish 2.2 percent pace in the final quarter of last year, much slower than initially reported, in a kind of unusually large downward revision that has happened only seven times in the last 30 years.