Thursday, May 26, 2011

Weak Economic Growth

Economic growth still weak

@CNNMoney May 26, 2011: 9:07 AM ET
chart_gdp_042811.top.gif source cnn
 U.S. economic growth remained disappointingly weak the first three months of the year, the government reported Thursday.

Gross domestic product, the broadest measure of the nation's economic health, grew at an annual rate of 1.8% in the first quarter, according to the Commerce Department. That is unchanged from the original reading released a month ago, and well below the 3.1% pace of economic growth in the final three months of 2010.

Economists surveyed by Briefing.com had predicted that GDP would be revised up to 2% growth in Thursday's report. (World's fastest growing economies).

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