Tag archive for ‘Second Quarter’
Inventories and War Spending Keep Economy Growing in First Quarter
Washington, D.C. (Center for Economic and Policy Research) by Dean Baker: GDP eked out a 0.6 percent gain for the second consecutive quarter as a jump in inventories and defense spending kept GDP in positive territory. Sales of final goods actually fell by 0.2 percent in the quarter, only the second decline since the last [...]
Economy NOT in recession (not yet) - Grows at .6 percent in first quarter
WASHINGTON (AP) - The bruised economy limped through the first quarter of this year at only 0.6 percent as housing and credit problems forced people and businesses alike to hunker down.
The country’s economic growth during January through March was the same as in the final three months of last year, the Commerce Department reported Wednesday. [...]
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