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Both numbers were less than forecast, and the stagnant consumer spending raised concerns about whether the recovery could slow.
"On the upside, the recent strength in household spending raised the possibility that domestic final demand could snap back more rapidly than anticipated.
Unable to devalue their currencies as Britain has, these euro zone nations have cut spending, raised taxes and laid off millions of employees.
[C5.] Upbeat Forecast for Advertising A forecaster of advertising spending raised his 2004 estimates and offered an optimistic outlook for 2005.
Wall Street extended its rebound from the summer slump yesterday after dips in manufacturing growth and construction spending raised investors' hopes for a reduction in interest rates.
In turn, strong economic growth has stimulated consumer spending, raised tax revenue and increased the government's surplus, making even more capital available for private companies.
Similar(45)
Do you think we should: cut government spending, raise taxes, or both cut our spending and raise taxes?
That will require cutting spending, raising taxes or raiding the retirement system.
Governments can often stem the crisis by reducing spending, raising taxes or both.
Bouteflika responded by increasing public spending, raising wages and initiating reforms.
They did not identify any particular measures, like cutting spending, raising taxes or reducing borrowing.
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CEO of Professional Science Editing for Scientists @ prosciediting.com