News Alert: U.S. Economy Grew at a 3.2% Annual Rate in First Quarter

> From: NYTimes com News Alert
> Breaking News Alert
> The New York Times
> Fri, April 30, 2010 -- 8:36 AM ET
> -----
>
> U.S. Economy Grew at a 3.2% Annual Rate in First Quarter
>
> The United States economy continued to expand in the first
> quarter, but economists cautioned that the pace of growth is
> still not nearly fast enough to recover ground lost during
> the recession.
>
> National output grew at a seasonally adjusted annual rate of
> 3.2 percent last quarter, after growth of 5.6 percent in the
> fourth quarter of 2009 and 2.2 percent in the third quarter.
>
> The steady growth has quelled fears that the downturn is not
> quite over. Consumers were a major contributor to the
> expansion last quarter. Consumer spending grew at an annual
> rate of 3.6 percent in the first part of the year, after
> growing at an annual rate of 1.6 percent in the previous
> three months.
>
> Read More:
> http://www.nytimes.com?emc=na
>