MarketWatch ~ May 26, 2011:
WASHINGTON — In the first quarter, the U.S. economy expanded at the same 1.8% clip that was initially forecast, the Commerce Department said in its second estimate of quarterly gross domestic product released Thursday.
Economists surveyed by MarketWatch had been expecting GDP growth to be revised up to 2.2% for the January-March quarter....
In a separate report, the Labor Department said weekly jobless claims rose 10,000 to 424,000 in the latest week....
Wall Street Journal: G-8 Launches $40 Billion 'Arab Spring' Partnership
.... The economic performance of the Middle East and North Africa was already poor, recording per capita economic growth of just 0.5% over the past three decades, according to an International Monetary Fund report released Thursday. That's far below the 3% average for emerging and developing countries.
The Israeli economy [which is in the Middle East, btw] continues to grow ... 4.7% in the first quarter of 2011.
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