Economy has worst growth since 2002
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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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Iraq's economy is weaker than at any point since the US invasion in 2003.
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After a rough year, the financial sector overindulges.
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Retail sales fell unexpectedly in  December to close out the weakest year at the cash register  since 2002, data showed on Tuesday, the strongest signal yet  that the economy may be sliding into recession under the weight  of a housing and credit crisis.
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Retail sales fell unexpectedly in December to close out the weakest year at the cash register since 2002, data showed on Tuesday, the strongest signal yet that the economy may be sliding into recession under the weight of a housing and credit crisis.
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The US economy grew at a pace of 2.2% in the last three months of 2006, down from a previous estimate of 3.5%.
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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. retail sales fell unexpectedly in December to close out the weakest year at the cash register since 2002, data showed on Tuesday, the strongest signal yet that the economy may be sliding into recession under the weight of a housing and credit crisis.
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The U.S. economy grew at a weaker-than-expected rate in the final three months of last year, the government's latest estimate on Wednesday showed, as businesses built fewer inventories and consumers spent less.
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2003-2004 have been pretty dismal in terms of new talent.
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Economic growth slowed a bit in the final stretch of 2004, expanding at a still respectable 3.1 percent pace. For all of last year, though, the economy clocked in at its fastest clip since 1999, a compelling sign that the recovery is more deeply rooted.
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Ongoing weakness in the housing market will push the national economy to the brink of recession, but growth in other areas should put the country back on a slow road to recovery by 2009, according to an economic forecast released Wednesday.
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As bad as they were, the 2007 housing start numbers probably should have been worse.
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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 -- 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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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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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.