Economic Growth Slows to Weakest Pace in 4 Years: New York Times

Excerpt:
"The housing slump was the single biggest drag on growth, as it has been for the last year. Home construction fell by 17 percent at an annual rate, the sixth consecutive quarter of decline. But businesses also slimmed their inventories, exports declined and military spending by the government slowed.

But the American consumer continued to spend freely and helped keep the economy moving forward."

http://www.nytimes.com/2007/04/28/business/28econ.web.html?em&ex=1177905600&en=1ee75282f908ac12&ei=5087%0A

Alex

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