English | دری

US economy growing at a slow pace

in International Business

US economy growing at a slow pace

The US economy grew at an annualized rate of 1.5% in the second quarter.

The figure could have been worse. Some analysts were predicting even lower growth in the second quarter.

The slowdown is reflective of a weak consumer spending.

“If the economic data next week continues [to be weak], then probably the market can keep their hopes up that [the] Fed would eventually resort to more stimulus,” said Peter Cardillo, chief market economist at Rockwell Global Capital.

The figures make dismal reading for the White House and certainly a blow to President Obama in securing his job for a second term.

As campaigning gets serious the economy is losing momentum not gaining it and this is the issue voters say they care most about.


Tags assigned to this article:
US economy growing at a slow pace

Related Articles

US Home Sales Jump To Highest Level In More Than 2 Years

A jump in sales of previously occupied homes and further gains in new home construction suggest the U.S. housing sector

Uncertainty about Sharp’s survival in the long run

The falling sales and a rising yen have pushed Japan’s Sharp to an edge. The company has issued a warning

The world’s most prosperous countries

By: Joe Myers World Economic Forum The Legatum Institute has released its new Prosperity Index, which assesses how prosperous an

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.