April 27, 2012


Economic Growth Slows

The economic output of the United States grew at an annual rate of 2.2% in the first quarter of the year, easing from the prior quarter's growth rate of 3%, the New York Times reports.

Reuters: "Although the details were mixed, the GDP report offered a somewhat better picture of growth compared with the fourth quarter, when inventory building accounted for nearly two thirds of the economy's growth. In the first quarter, demand from consumers took up the slack."










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