The government’s gross domestic product (GDP) report from the Bureau of Economic Analysis says the economy grew only 1.1 percent (annualized) in the last quarter last year, down from 4.1 in the third quarter. That’s a significant plunge, and the rate’s lower than what most economists expected.
Economy Didn’t Grow As Much
- By Flexo on Friday, January 27, 2006 in Economy and Government
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