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April 2008
- Economy Grew at a Crawl in First Quarter
  
  newser | Bloomberg | Apr 30, 08 8:44 AM CDT
  
  The US Gross Domestic Product rose at a 0.6% annual pace in the first quarter, despite the widespread belief that the economy is in recession, Bloomberg reports. The number stayed positive thanks to a surge in inventories, which offset flagging consumer spending and business investment. “We think we're in recession, but I don't know that the GDP numbers are going to turn negative at all in 2008,” said one economist. More »
  
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  recession • economy • consumer spending • GDP • inventory growth • US gross domestic product
March 2008
- GDP Growth Weakest Since '02
  
  newser | MarketWatch | Mar 27, 08 12:46 PM CDT
  
  The US economy sputtered—as expected—in the fourth quarter of 2007, growing at the slowest rate since 2002, MarketWatch reports. Estimated growth of the US gross domestic product was 0.6% for the last three months of 2007, matching economists' forecasts. Consumer spending grew 2.3%, and exports increased 6.5%, both beating the Commerce Department’s predictions. More »
  
  Tags
  
  US economy • credit crisis • consumer spending • Commerce Department • inventory growth • US gross domestic product

2 Stories

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