State Of The Economy

State of the Economy 3rd Quarter 2006

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Introduction             After showing signs of markedly slower growth in the second quarter, economic activity decelerated to a much more subdued pace during the third quarter.  Real gross domestic product (GDP) increased at an annual rate of only 1.6% in the third quarter following an increase of 2.5% in the second quarter and 5.6% during … Continue reading State of the Economy 3rd Quarter 2006

State of the Economy 2nd Quarter 2006

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Introduction             Economic activity finally began to exhibit additional signs of significant slowing in the second quarter after mixed signals from various economic data indicators and strong economic growth during the first quarter.  Real gross domestic product (GDP) increased at an annual rate of 2.5% in the second quarter following an increase of 5.6% at … Continue reading State of the Economy 2nd Quarter 2006

State Of The Economy 3rd Quarter 2005

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Introduction           Despite the devastating effects of Hurricanes Katrina and Rita in the Gulf states and initial signs of slowing during the first half of 2005, economic activity remained surprisingly firm in the third quarter with real gross domestic product (GDP) increasing by 3.8% during the quarter.  This favourable growth follows a 3.3% increase in … Continue reading State Of The Economy 3rd Quarter 2005

State Of The Economy 1st Quarter 2005

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Introduction Signs of slowing economic growth began to emerge during the first quarter of 2005, with real gross domestic product (GDP) increasing by 3.1% during the quarter.  This tepid growth follows a 3.8% increase in GDP during the fourth quarter of 2004 and a 4.0% increase during the third quarter.  The pace of economic expansion … Continue reading State Of The Economy 1st Quarter 2005