Financial Times FT.com

Growth fails to allay recession fears

By Krishna Guha and Chris Bryant in Washington

Published: April 30 2008 14:25 | Last updated: May 1 2008 00:55

The US economy grew at an annualised rate of 0.6 per cent in the first three months of this year, avoiding outright contraction owing to a build-up in business inventories and continued support from exports, figures showed on Wednesday.

However, real final sales, excluding inventories, declined as investment fell and consumption slowed, suggesting that underlying demand may not be enough to support continued expansion.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this