Sunday, May 20, 2007

Housing to weigh more than expected on growth-forecast

(Reuters) - Real gross domestic product, the government's broadest measure of economic output, is expected to advance 2.3 percent in 2007. That is down from an earlier estimate in February for 2.8 percent growth, a survey conducted by the National Association for Business Economics found.




The lower forecast came after the government reported anemic 1.3 percent GDP growth during the first three months of this year.


Read more at Reuters.com Economic News

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