US economic growth slows to 1.5%

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US economic growth slows to 1.5%

Financial Times – The world’s largest economy has suffered a worrying loss of momentum with US growth slowing to an annualised rate of 1.5 per cent in the second quarter of 2012. The pace of growth is now too slow to bring down unemployment, threatening both the global economic recovery and the re-election prospects of President Barack Obama. Read Article

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