Latest Economic disasters Stories

By Glenn Somerville WASHINGTON (Reuters) - The U.S. economy grew at a solid 3.4 percent annual rate in the second quarter, setting the stage for steady second-half expansion as inventories fell and Midwest manufacturing picked up, government and industry reports on Friday showed. The quarterly report on gross domestic product, or GDP, showed core inflation well contained but analysts said there was enough price pressure after nine quarters of growth exceeding 3 percent to keep U.S. interest...

By Glenn Somerville WASHINGTON (Reuters) - The economy grew at a solid 3.4 percent annual rate in the second quarter, setting the stage for steady second-half expansion as inventories fell and Midwest manufacturing picked up, government and industry reports on Friday showed. The quarterly report on gross domestic product, or GDP, showed core inflation well contained but analysts said there was enough price pressure after nine quarters of growth exceeding 3 percent to keep interest rates on...

WASHINGTON (Reuters) - The U.S. economy grew solidly at a 3.4 percent annual rate in the second quarter, the government reported on Friday, just slightly below the first quarter's pace and with room to grow as stocks of unsold goods fell for the first time in two years. While second-quarter growth eased from a 3.8 percent rate in the first three months of the year, it nonetheless marked the ninth straight quarter in which gross domestic product or GDP increased at a rate exceeding 3 percent,...

By Andrea Ricci NEW YORK (Reuters) - The U.S. economy will advance smartly in 2005 and 2006, powered by consumer and business spending, although the growth rate will be slower than last year's heady pace, economists forecast in a Reuters poll. "We are coming up on four years into an economic expansion, and I think the expansion has a little staying power," said Ken Mayland, president of ClearView Economics in Pepper Pike, Ohio. The poll of 32 economists, part of a quarterly Reuters survey on...