Weak growth raises worry, debt fight poses risk


via Weak growth raises worry, debt fight poses risk | Reuters.

“That raised questions on the long held view by both Federal Reserve officials and independent economists that the slowdown in growth this year was mostly due to transitory factors.

The U.S. economy in the first quarter expanded at just a 0.4 percent pace, a sharp downward revision from the previously reported 1.9 percent increase. While the recovery stepped-up in the second quarter, economists had expected a stronger 1.9 percent reading.”

These are very weak numbers. Almost in a recession.

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