Friday, November 17, 2017
 
 
News: Page (1) of 1 - 07/27/12 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook
US economic growth slowed to 1.5 pct. rate in Q2
US economic growth slowed to 1.5 pct. annual rate in Q2 as consumer spending weakened
By The Associated Press

WASHINGTON (AP) The U.S. economy grew at an annual rate of just 1.5 percent from April through June, as Americans cut back sharply on spending. The slowest growth in a year adds to worries that the economy could be stalling three years after the recession ended.

The Commerce Department also says the economy grew a little better than previously thought in the January-March quarter. It raised its estimate to a 2 percent rate, up from 1.9 percent.

Growth at or below 2 percent isn't enough to lower the unemployment rate, which was 8.2 percent last month. And most economists don't expect growth to pick up much in the second half of the year. Europe's financial crisis and a looming budget crisis in the U.S. are expected to slow business investment further.




Page: 1


 
 
 
 
 
 
 
 
 
 
 





Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines