U.S. economic growth last quarter, almost stagnant recession worries warming.

<P> The United States on Thursday in the fourth quarter gross domestic product (GDP) growth rate of the initial correction value and the previous week, jobless claims two indicators are worse than originally expected, showed the U.S. economy continued to sink down. .Despite the confidence of President George W. Bush is still propaganda, but Bernanke warned that the property market slump could lead to some small bank failures, making the U.S. recession worries and raised again, the stock market crash in Europe and America. .</ P> <P> It http://finance. Hearing, by the property boom and consumer spending continued to dip, the double whammy of scaling back the U.S. economy nearly stalled in the fourth quarter, showed the U.S. economy is getting worse. .National Association for Business Economics predicts, the United States in the first quarter of this year economic growth of 0.4%, while many economists worry may not increase. .To save the economy, Federal Reserve officials have recently suggested a number of interest rate cuts will continue. .</ P> <P> Central News Agency reported that the U.S. Commerce Department on Thursday reported fourth-quarter GDP growth rate of the first amendment values, an increase of 0.6%, far less than 4.9% in third quarter, the market is not as original forecast of 0.8%. .The Labor Department is released until the week ending 23 initial claims for unemployment benefits increased by 1.9 million to 37.3 million, however, is to increase the previous forecast of only four thousand people. .</ P> <P> weak data as investors worried about the U.S. Dow Jones Industrial Average on Thursday fell 112.10 points, or 0.88%, to close at 12,582.18; Standard & Poor's 500 index fell 12.34 points, or 0.89%, to close at 1367.68 .. Nasdaq index fell 22.21 points, or 0.94%, to 2331.57. .Pan-European FTSEurofirst 300 index of blue chip shares index also ended down 1.8%, to 1333.42 points; British FTSE 100 index fell 1.82%, to 5965.7 points; Germany's DAX index ended down 1.93%, to 6862.52 points; the French CAC 40 index fell 2.08 .%, to 4865.23 points. .</ P> <P> Although some economists worry the U.S. will enter a recession, U.S. President George W. Bush is still in the White House press conference, said: "I do not think we are moving towards a recession. But no doubt that our economy .is slowing. "For some Members have proposed a second economic stimulus package the necessity, he said, would be the effect, as the current program. .He also believes that a strong government to show firm action. .</ P> <P> While Bush has been in the confidence of propaganda, Bernanke has made in the Senate Banking Committee testimony, said that more investment in the property market, small banks may go bankrupt due to consumption of the property market downturn of capital of these banks. .He also reiterated that the Fed will take the necessary action to boost the weak economy. .</ P> <P> report released the same day showed more deterioration of the property market situation. .Report of the United States in the fourth quarter residential fixed investment decreased 23.9% from the original estimates, revised down to 25.2% reduction. .This is the second in the third quarter decreased by 20.5% in the continuing decline. .</ P> <P> economic growth accounted for about Qicheng consumer spending growth of 2% of the original estimate, revised down to 1.9%. .Business spending was revised down. .The original estimates of non-residential fixed investment increased 7.5%, revised down to 6.9%; 9.3% over the third quarter slowdown. .Expenditure on the purchase of equipment and software increased 3.8% from the original, revised to 3.3%. .</ P> <P> Although export growth was revised from 3.9% to 4.8%, but still 19.1% in the third quarter of strong export growth slowed down significantly. .Bernanke at congressional hearings in February, had said that U.S. exports will continue to provide some offset weak domestic demand. .He also believes that the economic stimulus package just passed should be in the second half and the first half of next year, consumer spending on home and business help. .</ P> <P> But he warned that housing construction and related activities is likely to further recede. .Weakening labor market, higher oil prices, lower asset prices, falling house prices and other factors that may affect consumer spending in the near future. .Report released the same day that the U.S. economic growth last year was 2.2%, the lowest in five years, with a report on the same end of the month. .</ P>.