Monday, January 30, 2006
Is an economic upturn on the way?
The economy lagged during its last lap of 2005 but still managed to finish the race —for the whole year — with a respectable showing.
Gross domestic product clocked in at an annual rate of just 1.1 percent from October through December, the Commerce Department said in its official scorecard on the economy released Friday.
That was the slowest pace in three years and seemed like a crawl next to the third quarter's brisk 4.1 percent growth rate. Belt-tightening by consumers, businesses and the government figured into the fourth quarter's slowdown.
GDP, which measures the value of all goods and services produced in the United States, is the best barometer of the economy's fitness.
Is an economic upturn on the way?
Source: Seattle Times
Gross domestic product clocked in at an annual rate of just 1.1 percent from October through December, the Commerce Department said in its official scorecard on the economy released Friday.
That was the slowest pace in three years and seemed like a crawl next to the third quarter's brisk 4.1 percent growth rate. Belt-tightening by consumers, businesses and the government figured into the fourth quarter's slowdown.
GDP, which measures the value of all goods and services produced in the United States, is the best barometer of the economy's fitness.
Is an economic upturn on the way?
Source: Seattle Times
Permalink posted by armandn @ 9:56 AM 
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