Economy in U.S. Grows at 1.5% Rate as Consumer Spending Cooled – Bloomberg
 Bloomberg |
Economy in U.S. Grows at 1.5% Rate as Consumer Spending Cooled
Bloomberg Emile Wamsteker/Bloomberg Shoppers at an outlet mall in Central Valley, New York. The world's largest economy cooled in the second quarter as limited job growth prompted Americans to curb spending while state and local governments cut back. Cautious consumers, foreign trade curb second-quarter growth US economic growth slows to 1.5% US economic growth slowed to 1.5 pct. annual rate in Q2 as consumer spending … |
