Local: Los Angeles, CA  (change)

 | 

Join the Topix community today: 

Sign Up

 | 

Sign In

Advertisment
Briefing.com

May 3, 2008

Economy continues to sputter

“Despite the barely-positive growth, we are almost certainly in a recession. There's nothing magical about staying above zero. In fact, annual growth of less than 2.5% is a recipe for rising unemployment.”

The nation's economy continued its sluggish growth in the first quarter, according to a government report Wednesday that showed a slightly better-than-expected gain in economic activity. via CNN

Leave a Comment

Comments

Type in your comments to post to the forum
Name
(appears on your post)
Comments
Type the numbers you see in the image on the right:

Please note by clicking on "Post Comment" you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Other Recent Briefing.com Discussions
Topic Updated Last By Comments
Price jump worst since '91 Sep 1 carmino seranni 10
Unemployment soars to 5.5% Aug '08 takion1 569
Home sales at 10 year low Jul '08 Ian Oliver 2
China now No. 1 source of imports (from Sep '07) Jun '08 60sRevolutio... 6
Consumer confidence: Worst since '92 Jun '08 KidHater 8
The latest gas pain: More job losses Jun '08 go plukchen 1
Homes sales dip; prices fall sharply Jun '08 cypriotNot f... 4