April 30, 2004
U.S. Economy Grows 4.2%; War Spending Provides Push
By LOUIS UCHITELLE
The American economy grew at a vigorous annual rate of 4.2 percent in the first quarter, with military spending making a significant contribution to economic growth for the first time since the early days of the war in Iraq.
Consumers provided most of the lift, the Bureau of Economic Analysis reported yesterday. Business investment was also strong, adding more to the growth rate than the military outlays. Without the war spending, however, the gross domestic product would have expanded at an only mediocre pace: 3.5 percent. ...
<http://www.nytimes.com/2004/04/30/business/30econ.html?hp>
Carl
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