First-quarter growth weakest in over 4 years
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WASHINGTON  -The U.S. economy grew at its weakest rate in more than four years during the opening three months of this year as businesses sold off inventories and Americans imported more foreign goods, a Commerce Department report on Thursday showed.
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WASHINGTON -- Strained by an ailing housing market and credit woes, the economy in 2007 is expected to log its worst growth in five years and should be somewhat sluggish next year.
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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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U.S. business productivity growth  proved surprisingly sluggish at the end of 2004 and claims for  jobless aid unexpectedly dipped last week, according to  government reports that showed a good sign for employment which  could fan inflation fears.
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WASHINGTON -- The economy logged slower growth in the early fall as troubles in the housing and credit markets weighed on companies and individuals alike, the Federal Reserve reported Wednesday.
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US economic growth drops to a weaker-than-expected annual rate of 0.6% in the final quarter of 2007.
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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 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 dollar weakened early in New York  on Friday after the Commerce Department said the U.S. economy  grew by a 3.1 percent annualized rate in the fourth quarter  last year, lower than economists had expected.
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Slumping corporate spending and exports caused the economy to slow to a crawl in the July-September period, with real gross domestic product expanding just 0.1 percent from the previous quarter, Cabinet Office data showed Friday.
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Business productivity growth was  revised down sharply as expected in the fourth quarter to an  annualized 1.6 percent pace, government data on Tuesday showed,  in a warning on inflation as labor costs soared.
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A slowdown in U.S. economic growth  during the second quarter of the year was not as sharp as  previously thought, the Commerce Department reported on  Wednesday, partly because businesses built up inventories at  the strongest rate in four years.
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The service sectors in the United States, Europe and Britain all posted the slowest growth in more than a year in September, surveys of purchasing managers showed Tuesday, suggesting global growth may be cooling.
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The U.S. economy will grow slowly  during the first half of the year, but pick up strength as the  months pass, a survey of top forecasters showed on Saturday.
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The US economy grew at a slower pace than expected during the last three months of 2004, Commerce Department figures show.
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British economic growth in the third quarter slowed to 0.4 percent, its weakest growth rate in 18months, largely due to a decline in industrial production.
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Business productivity growth was  revised down sharply in the fourth quarter to an annualized 1.6  percent pace, government data on Tuesday showed, suggesting  inflation pressures as labor costs soared.