Trade Deficit Slows Pace of Recovery ; Gdp Growth Estimate Lowered to 3.9% Annual Rate
The Record, Bergen County, NJ › June 28, 2004
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WASHINGTON - The economy, weighed down by a bloated trade deficit, grew at a slower pace in the first quarter of the year. The 3.9 percent annual rate suggested a still-sturdy recovery but raised questions about its strength in the months ahead.
The new reading on the gross domestic product, issued Friday by the Commerce Department, wasn't as strong as the 4.4 percent growth rate previously estimated for the January-to-March quarter. It also was slightly slower than the 4.1 percent pace of the final quarter of 2003.See the full content of this document
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Trade Deficit Slows Pace of Recovery ; Gdp Growth Estimate Lowered to 3.9% Annual Rate
The GDP measures the value of all goods and services produced within the United States.
A ...See the full content of this document
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