Economy

Loading
12:00:00 / -:--:--

US Economy Grew at Slower Pace in Second Quarter

Published September 28, 2012

The U.S. economy grew at a slower pace from April to June than previously thought. Final government estimates for the second quarter show U.S. gross domestic product expanded at a 1.3 percent annual rate - down from last month's estimate of 1.7 percent. While growth was not as robust as many hoped, Mil Arcega reports for VOA that economists say it's not all gloom and doom for the world's largest economy.


You May Like

Pakistan Reiterates Opposition to US Drone Strikes

Day earlier US President Barack Obama justified 'constrained' drone usage to save lives More

Study Identifies Risks of Human Spread of H7N9 Bird Flu

Study suggest that international measures to contain the H7N9 influenza, in the event of severe outbreak, will need to be targeted in Asia More

Violence Continues in Conakry Over Upcoming Elections

Opposition has called for boycott of elections More

Video Syria's Civil War Fuels Violence in Iraq

Analysts say al-Qaida-linked militants are flowing back and forth from both countries More

Video Star Trek Influence Lives Long and Prospers

As new movie thrills, many are once again discussing the iconic franchise's influence on society, science and technology More

OECD: Developing Green Cities Key to Sustainable Future

OECD suggests strategies to mitigate rapid growth, industrialization in urban centers, which produce about two-thirds of greenhouse gas emissions More