Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (40087)	6/29/2001 9:45:47 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

The economy has experienced very little growth since last fall. Real GDP expanded by 1% during last year’s fourth quarter and only 1.2% during the first quarter of this year. This final estimate of growth during the first quarter is lower than last month’s 1.3% estimate and the initial estimate of 2%. Much of the downward revision in estimated growth has been due to a more substantive decline in inventories than originally estimated. This is positive for future growth as businesses have worked hard to reduce their unwanted inventories and bring production back in line with sales. Inflation remains tame. The core consumer expenditures deflator is expanding at a rate that is firmly below 2%.