Thursday, August 30, 2007

Economy Grows at Fastest Pace in Year

Economy Grows at Fastest Pace in a Year:
"The economy grew at its strongest pace in more than a year during the spring as solid improvements in international trade and business investment helped offset weakness in housing."
And now for the infamous "yeah, but":
But the growth spurt could be short-lived. There are concerns that the recent turmoil in financial markets, a result of a spreading credit crisis, could seriously dampen economic activity in the second half of this year.


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