U.S. Economy Slowed to a Tepid 1.5% Rate of Growth
The United States economy grew at a rate of 1.5 percent in the second quarter,
losing the momentum it had appeared to be gaining earlier this year, the
government reported Friday.
Growth was held back as consumers curbed purchases, factories received fewer
orders and exports flattened in the face of a global slowdown and a stronger
dollar. Analysts had expected a 1.4 percent rate.
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http://www.nytimes.com/2012/07/28/business/economy/us-economy-expands-at-1-5-rate.html?emc=na
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