Thursday, July 3, 2008

CORRECT: US Economic Growth 1.0% In 1Q, Not 0.6%

Thu, Jul 3 2008, 17:10 GMT

CORRECT: US Economic Growth 1.0% In 1Q, Not 0.6%

The U.S. economy grew 1.0% in the first quarter and economists say there is a risk of recession. The economic problems have spread out from the U.S., with the U.K. and euro-zone economies also showing increasing signs of strain.

(In the item "=In Europe, US Paulson Warns On Econ And Global Inflation" published at 1204 GMT, U.S. economic growth in the first quarter was misstated.)

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