THE VIRGINIAN-PILOT
Copyright (c) 1995, Landmark Communications, Inc.
DATE: Thursday, August 31, 1995 TAG: 9508310513
SECTION: BUSINESS PAGE: D1 EDITION: FINAL
TYPE: Daily Digest
LENGTH: Short : 21 lines
The economy slowed dramatically in the second quarter of 1995, expanding at the weakest pace in nearly four years. But the 1.1 percent annual rate of growth for the April-June quarter, reported Wednesday by the Commerce Department, was larger than previously estimated. In the updated figures, the Commerce Department said upward revisions in consumer spending and business investment in inventories offset downward revisions for net exports and government spending. (Associated Press) by CNB