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Economy Grows at Slower Pace Than Expected

The U.S. economy, struggling under the weight of a bloated trade deficit, grew at a relatively modest 2.8 percent annual rate in the second quarter, a slower pace of expansion than previously thought.

The new reading on gross domestic product (GDP) issued by the Commerce Department Friday furnished fresh evidence that the business recovery hit a rut in the spring and early summer. The growth rate was weaker than the 3 percent figure first estimated a month ago and showed that the economy, which had been moving along at a decent clip, lost considerable momentum in the April-to-June quarter.

http://www.lasvegassun.com/sunbin/stories/news/2004/aug/27/082703861.html

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Shhhh! Don't tell anyone

In reply to: Economy Grows at Slower Pace Than Expected

They released this on a Friday so no one would notice. You're ruining everything.

Dan

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Hear no evil, see no evil ......?

In reply to: Shhhh! Don't tell anyone

Doesn't matter. Only the blind-deaf-dumb, or those entrenched in a certain political party, could possibly miss the signs. Lay offs, prices going up, company benefits being reduced, more people without health insurance, more people living below the poverty level, medical cost skyrocketing, jobs going over seas ... Sad

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