US economic growth slowed to 1.5 pct. rate in Q2

Discussion in 'Economy' started by Nova78, Jul 27, 2012.

  1. Nova78
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    Nova78 Silver Member

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    US economic growth slowed to 1.5 pct. rate in Q2 | General Headlines | Comcast

    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 slowdown in growth adds to worries that the economy could be stalling three years after the recession ended.

    The Commerce Department also said Friday that 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.

    Get rid of one man wrecking crew "Obama "so we can lift that Grey cloud overhead, most Americans are just getting by, time for change ,3.5 years of no change except more dismal economic news and skyrocketing debt with no end in sight...

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