Benchmark
The U.S. Economy Is on Track to Finish a Decade Without Significant Growth
It would take a miracle for growth to reach 3 percent this year, marking a decade without it
A worker tightens a bolt on a completed lawnmower at a manufacturing facility in Coatesville, Indiana.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
The U.S. economy keeps chugging ahead, more like a tortoise than a hare. At this rate, it won't be anywhere near where economists expect it to be at the end of the year.
Gross domestic product expanded at a 2.3 percent annualized rate in the second quarter, according to Commerce Department figures published Thursday. While that was an improvement over the 0.6 percent pace in the first three months of the year, it was less than economists had forecast.