Friday, January 30, 2004

Attention Wal-Mart shoppers:

The US economy braked fiercely in the last quarter of 2003, slowing to an unexpectedly low 4.0 percent annualized growth pace...

Growth shrank to less than half the blistering, 19-year record 8.2 percent pace of the third quarter, defying economists' predictions of a 5.0 percent expansion to wrap up the year.

Over the whole of 2003, output in the world's biggest economy was up 3.1 percent, the Commerce Department said Friday.


--AFP today

China's economy grew a surprising 9.9 percent in the final quarter of last year, the government said Tuesday, signaling a quick recovery from the economic fallout of the SARS epidemic and hinting at a favorable outlook for 2004.

Investment and foreign trade helped drive the country's annual gross domestic product growth to 9.1 percent, according to the official figures released by the National Bureau of Statistics.


--AP, 1/20/04

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