Skip to comments.First-quarter growth slows on inventories, weak business spending
Posted on 04/27/2012 6:38:20 AM PDT by MulberryDraw
WASHINGTON (Reuters) - Economic growth cooled in the first quarter as businesses cut back on investment and restocked shelves at a slower pace, but stronger demand for automobiles softened the blow.
Gross domestic product expanded at a 2.2 percent annual rate, the Commerce Department said on Friday in its advance estimate, moderating from the fourth quarter's 3 percent rate.
(Excerpt) Read more at finance.yahoo.com ...
Eurozone Retail Sales Plunge at Strongest Pace Since Late-2008;
But...but...but...we are in recovery, aren’t we? How could this be?
The economy is roaring back. Obama is a shoe-in. Rinse, lather and repeat in the media.