US Q2 economic growth slows to 2.4%
The US government announced yesterday that economic growth in the USA has slowed to 2.4% in the second quarter as the economy struggles with high unemployment and the aftermath of the worst recession since the 1930's. This slower rate compares with a newly revised number of 3.7% for Q1, and 5% in Q4 of last year. Economists had been expecting economic growth of 2.5% for Q2. For this year's second quarter, the Bureau of Economic Analysis' report on the economy carried more disappointing news. Consumer spending growth in the North American co
Source: Wikinews