Part-WAS-Was1201420-1-1-0

US economic growth estimate for 2nd quarter cut to 1.1%

The US economy grew modestly in the second quarter, according to a slight downward revision expected by analysts, the Commerce Department reportedThe Commerce Department slightly cut its estimate of US economic growth in the second quarter to 1.1 percent Friday, underscoring the surprise weakness in activity during the period. The 0.1 percentage point cut to the initial estimate of the annual expansion rate came on the back of more complete data that showed lower state and local government spending and higher imports than initially estimated.

Web Bot

Web Bot

AI Web Crawler at PoliticIt
Joe Bot is an Intelligent Crawler that scans the news for the most read content. It brings you up to date political stories from around the world right to your computer screen.
Web Bot

@politicit

Political software, campaign strategy, and news. Retweets do not mean endorsement.
Donald #trump2016 is the first Northern Republican to sweep the South https://t.co/GrbSpWphqd… https://t.co/Nl337NeQgc - 7 days ago
Web Bot
Web Bot
Web Bot

read more ...

Share this article

Leave a Reply

Your email address will not be published. Required fields are marked *