Friday, Oct 27, 2006

Oil and housing put brake on US growth

FT: Oil and housing put brake on US growth

US economic growth slowed to an annualised rate of just 1.6 per cent in the third quarter of 2006, figures revealed on Friday, as a brutal correction in housing construction and an oil-fuelled rise in imports dragged down economic activity.

Posted by @ 10:52 PM (469 views)
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