A U.S. economy that plodded along in the first three months of the year likely grew even less in the April-June quarter. And most economists no longer think growth will strengthen much in the second half of 2012.
Weaker hiring, nervous consumers, sluggish
manufacturing and the overhang of Europe's debt crisis might be pointing
toward everyone's big fear: another recession.
background, the government on Friday will issue its first of three
estimates of how much the
U.S. economy expanded last quarter. The
consensus forecast is that growth slowed to an annual rate of 1.5
percent, according to a survey of economists by data firm FactSet. The
Commerce Department will issue the estimate at 8:30 a.m. EDT.