WorthyNewsBot Posted August 26, 2016 Group: Bots Followers: 3 Topic Count: 39,879 Topics Per Day: 6.47 Content Count: 44,304 Content Per Day: 7.18 Reputation: 985 Days Won: 2 Joined: 06/06/2007 Status: Offline Share Posted August 26, 2016 (Worthy News) - U.S. economic growth was a bit more sluggish than initially thought in the second quarter as businesses aggressively ran down stocks of unsold goods, offsetting a spurt in consumer spending. Gross domestic product expanded at a 1.1 percent annual rate, the Commerce Department said on Friday in its second estimate of GDP. That was slightly down from the 1.2 percent rate reported last month. The revision also reflected more imports than previously estimated as well as weak spending by state and local governments. The economy grew at a 0.8 percent pace in the first quarter. It grew 1.0 percent in the first half of 2016. [ Source ] View the full article Link to comment Share on other sites More sharing options...
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