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U S GDP Growth Slips to 1.2 Percent in Q2
The Commerce Department reports U S GDP rose 1.2 percent at annual rate in April to June, below forecasts of 2.6 percent, with consumer spending up 4.2 percent but housing and inventories lagging. First-quarter growth was revised to 0.8 percent. Analysts see a possible rebound later in the year but trim full-year expectations.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Paul Ashworth
U.S
Capital Economics
Chris Williamson
IHS Markit