djAdvocate
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Post by djAdvocate on Oct 24, 2012 10:57:02 GMT -5
NEW YORK (CNNMoney) -- The United States economy slowed in the second quarter amid weak consumer spending, government cuts and a rise in imports from foreign countries. Gross domestic product, the broadest measure of the nation's economic health, grew at an annual rate of 1.5% from April to June, the Commerce Department said Friday. That's down significantly from a 2% rate in the first three months of the year. The Commerce Department also released revisions going back to the start of 2009. While the revisions showed that growth in 2010 was weaker than previously thought, 2009 and 2011 were slightly stronger. Last 3 quarters 4.1% 2.0% 1.5% and my bet is that this next report will be under 1% i think that is extremely unlikely. |
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