Developing...
This is my imitation of what the Drudge headline would look like if a Dem were President. We'll see what this really means in about 6 months.
WASHINGTON (AP) - America's economy, bolstered by brisk business spending, grew at a healthy 4.1 percent annual rate in the final quarter of 2003. That was even faster than first thought and offered new evidence that the nation's economic recovery was firmly rooted going into the new year.
The latest reading on the gross domestic product - the broadest measure of the economy's health - was slightly better than the 4 percent pace estimated a month ago for the October-to-December quarter, the Commerce Department reported Friday. GDP measures the value of all goods and services produced within the United States.
"The capital spending rebound is in high gear," said economist Ken Mayland, president of ClearView Economics.
Even though the fourth quarter's growth rate marked a slowdown from the red-hot 8.2 percent pace of the third quarter - the best in nearly two decades - it nonetheless represented a solid performance.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment