Economics
U.S. Economy: Growth Decelerates More Than Previously Estimated
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The economic recovery in the U.S. weakened in the second quarter more than previously estimated, highlighting the risks of a prolonged slackening in growth.
The world’s largest economy grew at a 1.6 percent annual pace, exceeding the median forecast of economists surveyed by Bloomberg News and down from an estimate of 2.4 percent issued last month, revised figures from the Commerce Department showed today in Washington.