Bloomberg | Economic Growth Falls 50% Short of Forecast

Rough Road Ahead (200x200)

 

 

 

via Bloomberg:

 

 

 

U.S. Economy Grew Less-Than-Forecast 1.2% in Second Quarter

July 29, 2016

The U.S. economy expanded less than forecast in the second quarter after a weaker start to the year than previously estimated as companies slimmed down inventories and remained wary of investing amid shaky global demand.

Gross domestic product rose at a 1.2 percent annualized rate after a 0.8 percent advance the prior quarter, Commerce Department figures showed Friday in Washington. The median forecast of economists surveyed by Bloomberg called for a 2.5 percent second-quarter increase.

The report raises the risk to the outlook at a time Federal Reserve policy makers are looking for sustained improvement. (Read More)

 

Read the full article at Bloomberg

 

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