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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (3502)	2/26/1999 9:21:00 AM
From: Wally Mastroly	Respond to of 15132

Sizzling GDP - & what inflation? - U.S. economy grew at rapid pace in Q4 WASHINGTON - The U.S. economy grew at a sizzling 6.1% annual rate in the final three months of 1998, the fastest pace in nearly 15 years, as America capped off a remarkable year in which it not only withstood the global financial crisis but actually prospered. The Commerce Department says the broadest measure of economic health, the gross domestic product, grew more rapidly from October through December than previously believed. Growth in GDP, the nation's total output of goods and services, had been originally reported at 5.6% for the fourth quarter. Friday's upward revision reflected a slightly better performance in trade than originally thought. Inflation: "..Indeed, an inflation measured tied to the GDP, the implicit price deflator, rose just 1% last year, the slowest pace since a 0.9% rise in 1949. This GDP inflation index rose just 1.9% in both 1997 and 1996..." Details/comments: usatoday.com cnnfn.com bloomberg.com