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.
Against that
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.
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4 comments:
I don't have a great deal of faith in our economic or educational future. Manual labor is not thought of as a good reliable income and as a workforce we have lost out back bone. We are weaker by generations and there will never be a quick fix no matter who is in office. I still am proud to be an American
How can we have another recession during a depression? Okay, so the "economy" grew by 1 1/2 %. Allow me to do the math for you here. 1 1/2% x 0 = 0. There. I'm done.
i'm still a patriot who happens to see what has happened to our great country. we've lost our way and obama has opened our eyes. i hope it's not too late to turn this ship around.
pray for great, godly leaders to be voted in this november, but more importantly pray for repentance and redemption and God's mercy and grace on us once again.
this is not the only time in history we have gone through similar situations and God restored us. again, i pray it's not too late.
To which god should I pray?
The same god to whom I pray that our soldiers will kill a lot of Muslims tomorrow?
Or a different god?
Does this god have a name perhaps?
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