No Recession Yet: US Economy Grows 0.6%
Apr 30th, 2008 | By Contrarian Profits | Category: Featured, Financial NewsThe US economy is on the ropes but it’s not in recession, according to Commerce Department data on growth from January to March.
This from the AP news wire:
The country’s economic growth during January through March was the same as in the final three months of last year, the Commerce Department reported Wednesday. The statistic did not meet what economists consider a definition of a recession, which is a contraction of the economy.