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Publication: European Stars and Stripes Friday, March 24, 1989

You are currently viewing page 6 of: European Stars and Stripes Friday, March 24, 1989

   European Stars And Stripes (Newspaper) - March 24, 1989, Darmstadt, Hesse                                Page 6 the stars and stripes Friday March 24.1989 revision shows Gnu Rose 2.4% in last Quarter of 88 Washington up in a final revision that showed inc Economy late last year was stronger than previously reported the government said thursday thai real Gross National product Rose z.4 in the final Quarter of 19s8. The 2.4 percent increase was 0.4 of a percentage Point higher than reported in two preliminary Esti mates of growth in the nation s output of goods and services adjusted for inflation. In Dollar terms the Economy grew by $24 billion from october through december to j4.33  was up 2.5 percent in inc third Quarter Accord ing to the Commerce department s census Bureau. All figures were adjusted for seasonal variations. The fourth Quarter revision was based on larger government purchases and stronger business investment with the largest downward revision in net exports. Although the 2.4 percent increase in economic growth is still inc smallest hike since a 1.4 percent gain in the fourth Quarter of 1986, the greater strength reflected in the revision could prove worrisome. The Federal Reserve Board has been banking on slower economic growth to stunt rising  seen in recent wholesale and consumer Price figures. The Gnu fixed weights Price Index Rose 4.2 percent in the fourth Quarter compared with 5.3 percent in the third. But the Gnu report s implicit Price deflator another measure Offut Fatiori increased 5,3 percent in late 1988, up from 4.7 percent in the third Quarter. Corporate profits after taxes another component of the Gnu report increased 2.8 percent in the fourth Quarter Down from 3.9 percent from july through sep tember the department said. The Bureau said losses in crop and livestock production because of the 1988 summer drought shave about  percentage Point off of the fourth Quarter Gnu Afler taking a 0,5 percentage Point bite out of the third Quarter. Farm output is expected to return to Normal in the current Quarter which should add about 2.5 percent age Points to first Quarter economic growth the department said. Personal spending in the fourth Quarter increased $22.4 billion. \ business fixed investment decreased $3.6 billion while residential investment increased 15 billion. Net exports of goods and services fell s11.5 billion. That included a  billion hike in exports and a $ 19.5 billion increase in imports the department said. Federal government purchases increased $15.4 Bil lion while state and local government purchases were up j6.6 billion. Final sales increased 3.5 percent to �34,5 billion in the last three months of 1988, the department said while business inventories increased $29.1 billion the department said. Domestic purchases of goods and services increased 3.5 percent or $35.4 billion in the fourth Quarter. Barbara Bush opens her arms of babies infected by aids virus Washington first lady Barbara bus visited grandma s House a Home for children who have tested positive for aids antibodies on wednes Day to convey the heed to have compassion for victims of the disease. V. Mrs. Bush held a 5-month-old baby and three toddlers and later hugged an adult aids victim 10 demons Rale that people need to understand hat you can hug and pick up aids babies and people who have the ii  aids is caused by a virus called human immunodeficiency virus or his. The children ranging in age from 5 months to 21months, reside in a townhouse founded As a Home Tor his victims by terrific inc. The name is an acronym for temporary emergency residential resource Institute for families in crisis. The infants born to drug addicted mothers Are card for by a round the clock staff. A 2p-month-o  
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