Economy grows at only 0.6 percentage point rate
By JEANNINE AVERSA, AP Economics Writer Wed Apr 30, 8:38 AM
By JEANNINE AVERSA, AP Economics Writer Wed Apr 30, 8:38 AM

The bruised economy limped through the first quarter of this year at a six-tenths of a percentage point growth rate as housing and credit problems forced people and businesses alike to hunker down.
The country's economic growth during January through March was the same as in the final three months of last year, the Commerce Department reported Wednesday — but not the kind of statistic that economists define as a recession. Although the economy is stuck in a rut, it is still managing to keep growing — however slightly.
The country's economic growth during January through March was the same as in the final three months of last year, the Commerce Department reported Wednesday — but not the kind of statistic that economists define as a recession. Although the economy is stuck in a rut, it is still managing to keep growing — however slightly.
By the way Pilgrims --- in macroeconomics, a recession is defined as a decline in a country's real gross domestic product (GDP), or negative real economic growth, for two or more successive quarters of a year.
Growth is not a decline - but I won't tell Ms Aversa and the AP if you won't! Hey, do you reckon Ms Aversa gained her negative attitude because that contrarian last name she's had to wear all her life?
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