Friday, April 27, 2007

Worst performance in four years

Economic growth in 1Q slows to 1.3 pct. (AP)

A new home under construction sports a sold sign in the front yard in the Choate Farm neighborhood in Danvers, Mass., Wednesday April 25, 2007.  Sales of new homes, helped by better weather, posted a modest increase in March, but the gain was less than expected and did not dispel concerns about continuing troubles in the housing industry.  (AP Photo/Charles Krupa)AP - Economic growth slowed to a near crawl of 1.3 percent in the first three months of 2007, the worst performance in four years. The main culprit: the housing slump.


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