Thursday, March 15, 2012

Economic Growth Slows to 0.7 Pct. Pace

WASHINGTON - The economy limped ahead at just a 0.7 percent pace in the first quarter, the slowest in more than four years, as some businesses clamped down on spending given uncertainties about the severity of the housing slump.

The Commerce Department's new reading on gross domestic product for the January-to-March period, released Thursday, was a slight upgrade from the 0.6 percent growth rate estimated a month ago. But it still fell short of economists' forecasts for a …

No comments:

Post a Comment