9 May 2001, 13:19 U.S. Lindsey says economy "probably growing at 1 pct or so"
TOKYO (AFX-ASIA) - U.S. President George W Bush's chief economic
policy adviser Lawrence Lindsey said the economy is "probably ...
growing at roughly a 1.0 pct rate or so," and is being supported by
consumers.
"We have an adjustment process going on from very high tech rates
(of investment spending), now slowing, which will actually be negative
for GDP growth and we have a consumer who continues to spend quite well
and they are roughly balancing out," he told the Financial Times.
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