U.S. GDP revised lower
Government says growth of 2.2 percent slowest in four years
December 21, 2000: 8:47 a.m. ET

NEW YORK (CNNfn) - <font color="#FF0000">The U.S. economy grew at its slowest rate in four years </font> in the third quarter, the government said Thursday in its final reading on gross domestic product for the quarter.

The Commerce Department cut its estimate of GDP -- the broadest measure of the nation's economy -- to a <font color="#FF0000"> 2.2 percent growth </font>rate in the quarter from the 2.4 percent reported a month ago.

<font color="#FF0000">That was less than half the second quarter's 5.6 percent growth rate and the slowest since a 2 percent rate in the third quarter of 1996. </font> Wall Street analysts had been looking for a final reading of 2.4 percent.

A key index of inflation rose 1.8 percent, the department said in its report, which was a shade below Wall Street forecasts.

Weaker exports contributed to the reduced reading, the department said in its report.

The report is the latest pointing to much slower growth in the world's largest economy. The Federal Reserve said Tuesday that the economy now faced more risk of a downturn than from inflation, signaling it was set to cut rates next year in a bid to ward recession after nearly 10 years of growth - the longest expansion in U.S. history.

Separately, new jobless claims rose to 354,000 last week from 320,000 the prior week, the Labor Department said, a slight sign of weakness in what is still seen as a tight job market.

Quelle: http://www.cnnfn.com

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> U.S. GDP revised lower
>Government says growth of 2.2 percent slowest in four years
>December 21, 2000: 8:47 a.m. ET
>NEW YORK (CNNfn) - <font color="#FF0000">The U.S. economy grew at its slowest rate in four years </font> in the third quarter, the government said Thursday in its final reading on gross domestic product for the quarter.
>The Commerce Department cut its estimate of GDP -- the broadest measure of the nation's economy -- to a <font color="#FF0000"> 2.2 percent growth </font>rate in the quarter from the 2.4 percent reported a month ago.
><font color="#FF0000">That was less than half the second quarter's 5.6 percent growth rate and the slowest since a 2 percent rate in the third quarter of 1996. </font> Wall Street analysts had been looking for a final reading of 2.4 percent.
>A key index of inflation rose 1.8 percent, the department said in its report, which was a shade below Wall Street forecasts.
>Weaker exports contributed to the reduced reading, the department said in its report.
>The report is the latest pointing to much slower growth in the world's largest economy. The Federal Reserve said Tuesday that the economy now faced more risk of a downturn than from inflation, signaling it was set to cut rates next year in a bid to ward recession after nearly 10 years of growth - the longest expansion in U.S. history.
>Separately, new jobless claims rose to 354,000 last week from 320,000 the prior week, the Labor Department said, a slight sign of weakness in what is still seen as a tight job market.
>Quelle: http://www.cnnfn.com

Ohne das kannst Du mal locker 1% abziehen! Die Amis können sich jetzt wirklich frischmachen.

J.

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Hi BossCube!

> Ohne das kannst Du mal locker 1% abziehen! Die Amis können sich jetzt
> wirklich frischmachen.
Das glaube ich auch! Wenn ich mir dann die Kommentare durchlesen, daß es sich hierbei nur um Gewinndellen und Konjunkturdellen handeln kann, eine Rezession aber fast gänzlich dann immer ausgeschlossen wird kann ich nur sagen: Wartet mal ab wie schnell das gehen kann! Genau wie auf Hausse die Baisse folgt, folgt auf Boom die Rezession.

Gruß
<font color="#0000FF"> Sascha </font>


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