U.S. Economic Growth Slows

[JI7]

<WASHINGTON -- Economic growth in the first quarter was slower than first reported - at an annual rate of 3.9 percent - a pace that was solid but lacking the momentum exhibited as the calendar turned to 2004.


The new reading on the gross domestic product (GDP), reported by the Commerce Department Friday, wasn't as brisk as the 4.4 percent growth rate previously estimated for the quarter starting Jan. 1 and ending March 31.

It was slightly slower than the 4.1 percent pace registered in the final quarter of 2003.

The GDP measures the value of all goods and services produced within the United States.>

http://www.thebostonchannel.com/money/3460256/detail.html