Economy ‘nearly stalled’ in final quarter of 2007.

The Commerce Department announced today that the “economy almost stalled in the final quarter of last year with a growth rate of just 0.6 percent, culminating its worst year since 2002. … For all of 2007, the economy grew by just 2.2 percent, the weakest performance in five years, when the country was struggling to recover from the 2001 recession.”