October 28, 1992 |
The U.S. economy, long an albatross for President Bush's reelection hopes, grew at an unexpectedly brisk 2.7% annual pace between July and September, the Commerce Department reported Tuesday, sparking elation in the President's campaign but doubt among some economists that the tempo will be sustained. The third-quarter figures on gross domestic product--the last overall report card on the economy before the Nov.
February 22, 1992 |
In a symbolic farewell to an age of prosperity scuttled by civil war, black marketeers line up by the hundreds along Vojvoda Stepe Embankment to flag down hard-currency customers by waving thick wads of dinars. The jobless money traders, victims of the Yugoslav conflict that has destroyed half a century of development, are standard-bearers in the Balkans' collective march backward to poverty, lawlessness and crude barter.
March 27, 1992 |
The economy edged up at an annual rate of just 0.4% in the final three months of last year, a pace that was weaker than previously believed, the government said Thursday. The Commerce Department report on the gross domestic product--the total amount of goods and services produced inside the country--showed that the economy slowed to a near-standstill at the end of last year after two quarters of very weak growth.
September 24, 1999 |
The 400 richest Americans are worth more than $1 trillion combined--and that tops the gross domestic product of China, Forbes magazine said Thursday. Ninety-eight of the richest 400 live in California. Bill Gates is still America's wealthiest, with a net personal worth of $85 billion, up from $59 billion last year. Microsoft Corp.'s founder and chairman, whose net worth briefly touched $100 billion in April, still has more money than the gross domestic product of the Philippines ($83.1 billion).
August 18, 2004 |
Mexico's economy grew in the second quarter at its fastest pace since 2000 on resurgent demand from the U.S. for the country's electronics, oil and metals. Mexican gross domestic product, the broadest measure of output of goods and services, grew 3.9% from the same period last year after expanding 3.7% the previous quarter, the Finance Ministry said Tuesday. Mexico's economy expanded 1.2% from the first quarter in seasonally adjusted terms, the ministry said.
January 28, 1995 |
The nation's economy grew at a supercharged rate of 4.5% during the final three months of 1994, the government said Friday, increasing the likelihood that the Federal Reserve Board will push interest rates higher as early as next week. The economy gained 4% for all of 1994--its strongest showing since the end of Ronald Reagan's first term as President when it soared 6.2% in 1984. Inflation, in the meantime, remained below 3% for the year.
August 27, 1998 |
Malaysia's gross domestic product contracted in the second quarter, officially putting the economy in its first recession since 1985, Finance Minister Anwar Ibrahim said. "It's negative," Anwar said, but he declined to elaborate. Malaysia's economy has averaged annual growth rates of more than 8% every year since 1987. Its economy contracted 1.8% in the first quarter.
September 13, 2008 |
Japan's economy shrank 3% last quarter, the biggest contraction since 2001, as companies and households cut spending and exports fell. Gross domestic product for the three months that ended June 30 shrank more than the annualized 2.4% initially estimated, government officials said. Economists expect the contraction to continue into next year as the U.S. slowdown spreads to Asia, where Japan ships half its exports.