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Could Be Worse? U.S. Economy Slows In Second Quarter

Credit: Wochit News
Published on July 26, 2019 - Duration: 00:39s

Could Be Worse? U.S. Economy Slows In Second Quarter

Reuters reports U.S. economic growth slowed less than expected in the second quarter.

A surge in consumer spending blunted some of the drag from declining exports and a smaller inventory build.

That could further allay concerns about the economyโ€™s health.

However, the fairly upbeat report from the Commerce Department on Friday had some red flags.

Business investment contracted for the first time in more than three years, and housing declined for a sixth straight quarter.

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Could Be Worse? U.S. Economy Slows In Second Quarter

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