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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth
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To: Hope Praytochange who wrote (99365)5/31/2007 8:34:02 AM
From: Kenneth E. Phillipps  Read Replies (3) of 173976
 
U.S. Economy Expanded at a 0.6% Annual Rate in First Quarter

By Shobhana Chandra

May 31 (Bloomberg) -- The U.S. economy grew last quarter at a 0.6 percent annual rate, the weakest in more than four years, as housing slumped, the trade deficit widened and businesses reduced inventories.

The gain in gross domestic product is the weakest since the last three months of 2002 and compares with a 1.3 percent pace initially estimated last month, according to revised figures from the Commerce Department today in Washington
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