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Article: Economy Grows at 6.1 Percent Rate
- Article from:
- AP Online
- Article date:
- June 27, 2002
- Author:
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WASHINGTON (AP) _ The economy sprang back from last year's recession,
growing at a sizzling annual rate of 6.1 percent in the January-March
quarter, the strongest showing in more than two years.
The latest reading on gross domestic product _ which measures the
total output of goods and services produced within the United States
_ showed the economy grew more briskly during the first quarter than
previously thought, the Commerce Department reported Thursday.
The government first estimated that GDP for the period grew at a 5.8
percent pace and then revised that down to 5.6 percent growth rate
a month ago.
While good news, Thursday's report shows where the economic ...