Economic Growth Slows To The Weakest Pace In More Than Three Years...

Posted on October 27, 2006 at 7:50 AM.

Economic growth slowed to the weakest pace in more than three years in the third quarter, as the government's main gauge of the strength of the U.S. economy came in much lower than analysts had forecast.

Gross domestic product, the broadest measure of the nation's economy, grew at a annual 1.6 percent rate in the quarter, the Commerce Department said, down from the 2.6 percent rate in the second quarter.