Profile picture for Bette Defarm

US economy slows to crawl

US economic growth slowed dramatically to a 0.6 percent annual pace in the fourth quarter of 2007 amid a worsening housing slump and a related credit squeeze, the government said Wednesday. Most

economists had only expected gross domestic product (GDP) growth to slow to around 1.2 percent during the last three months of 2007. Growth moderated abruptly from a 4.9 percent annualized pace in the third quarter, decelerating to its weakest rate since the end of 2002.
The much weaker-than-expected reading for fourth quarter growth comes amid growing fears that the world's largest economy could be slipping into a recession.

Linky

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 30 2008 - US
We think we've answered this question for you!
 
 

Replies (2)

We really need to realize that they do not mean recession. They mean depression. There's no way Japan has had a 10 year recession. It goes against all definitions of depression! lol

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 30 2008
Profile picture for Bette Defarm
Debts,

Just curious, did you think it would happen this quickly? I keep feeling like this is going at break neck speed, is it me?
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
January 30 2008
 
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
Related Discussions
Scams and Fraud
Profile picture for Michael Emery
Latest reply by Michael Emery
October 14 2010 | 75 answers
  • Posted by Russ Hatfield Jr.
  • In Home Buying
  • March 17 2010
Does FHA verify/visit primary residence for a 1st time home buyer?
Profile picture for ranjanclan
Latest reply by ranjanclan
21 hours ago | 7 answers
Buyer Agent Commission Rebate
Profile picture for UpNest
Latest reply by UpNest
21 hours ago | 31 answers
Stay away from iMortgage
Profile picture for sam sporty
Latest reply by sam sporty
2 days ago | 24 answers
Bypass the Buyers Agent and Win!!!
Profile picture for glenviewjeff
Latest reply by glenviewjeff
2 days ago | 74 answers
Mortgage Rates
 
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.