Marketplace   Menu Guide   Complete Pages      
butler eagle
Site last updated: Wednesday, October 22, 2014 Bookmark our site!
Local PennsylvaniaNationalInternationalNews Extras  
Published: September 25, 2013 print this article Print save this article Save email this article Email ENLARGE TEXT increase font decrease font

U.S. economy grew at 2.5% rate in spring



WASHINGTON — The U.S. economy grew at a 2.5 percent annual rate from April through June, an improvement from the first three months of the year. But economists are worried that growth may be slowing.
The Commerce Department said this morning that its final look at economic growth in the spring was unchanged from a prior estimate made last month. However, the components of growth were altered slightly.
Businesses added a bit less to their stockpiles and exports did not grow as fast as previously thought. These downward revisions were balanced by slightly stronger spending by state and local governments.
Many analysts believe growth is slowing to a sluggish rate at or below 2 percent in the current quarter. Economists had initially hoped growth would improve in the second half of the year.





Back
Comments
Order Photos!
 
MORE NEWS HEADLINES
arrow State to monitor travelers from Ebola-stricken area
arrow Mars High School evacuated Tuesday
arrow Parking dilemma remains
arrow Crash proves fatal
 
MOST READ ARTICLES
arrow POLICE REPORTS
arrow Budzilek out, Pettigrew back in at Mars schools
arrow Police: Child found in car with parents passed out
arrow 2 meetings to air school consolidation plans