Our World

Economic Growth

According to a recent news article, the economy has slowed down to a snail's pace. In the just finished quarter it came in with the slowest rate in 3 years with a rate of 1.6%. The reading came just short of the 2.1% that analysts predicted. It is said that this matter will become a big issue in the debates in this years elections. President Bush's approval rating is 40% and claims that he expected this to happen with the rise of cost of almost everything. The democrats have said that this is evidence that the republicans are doing a bad job in congress. This quarter has been the weakest one since the 1.2 rating in the first quarter in 2003. But it is said not to fear because the economy is expected to pick up again in the next quarter.

Economic growth totters to 1.6 pct. pace

posted by Anonymous @ 10/27/2006 07:56:00 PM