|
|
Article: Economy grew at 6.1 percent rate in 1st quarter; analysts say lost steam since
- Article from:
- AP Worldstream
- Article date:
- June 27, 2002
- Author:
CopyrightProvided by ProQuest LLC. (Hide copyright information)
|
00-00-0000
Dateline: WASHINGTON
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 ...