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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (12114)1/30/2003 1:45:28 PM
From: tsigprofit  Read Replies (1) of 13094
 
Growth slows to crawl
money.cnn.com

I think this is the number one issue for most people right now...matt

Growth slows to crawl

Anemic consumer spending sinks broadest measure of U.S. economy; jobless claims jump.
January 30, 2003: 12:19 PM EST

NEW YORK (CNN/Money) - The U.S. economy slowed to a crawl in the fourth quarter of 2002, growing at the weakest pace since the recession of 2001, the government said Thursday.

Gross domestic product (GDP), the broadest measure of the world's largest economy, grew at a 0.7 percent rate in the quarter after growing at a 4 percent rate in the third quarter, the Commerce Department reported. Economists, on average, expected GDP growth of 0.9 percent, according to Briefing.com.

"The Federal Reserve has talked about the economy being in a soft spot -- well, it's really in a soft spot," said Robert Brusca, chief economist at Native American Securities.
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