U.S. economy slows
Growth slowed to 1.1% rate in fourth quarter, down from initial estimate
February 28, 2001: 8:38 a.m. ET


NEW YORK (CNNfn) - The U.S. economy grew more slowly than previously thought in the fourth quarter, the government reported Wednesday.

Gross domestic product, the broadest measure of the world's biggest economy, grew at a 1.1 percent rate in the quarter, a bit slower than the 1.4 percent rate estimated a month ago, the Commerce Department said.

The revised number was in line with forecasts on Wall Street and comes ahead of a widely awaited speech by Federal Reserve Chairman Alan Greenspan, who was to address a House panel later in the day.


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Rezession - mies, Aufschwung toll, oder war das umgekehrt? ;)

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