The economy continues to grow weakly, clocking in a 1.2% annualized growth rate. This has been one of the longest eras where our annual economic growth rate has consistently stayed below 3%.
The U.S. economy expanded less than forecast in the second quarter after a weaker start to the year than previously estimated as companies slimmed down inventories and remained wary of investing amid shaky global demand.
Read Full Story: U.S. Economy Grew Less-Than-Forecast 1.2% in Second Quarter
