US GDP grows by 1.3% in second quarter

Published on July 29, 2011 by IFX | NEWS   ·   No Comments The US economy grew at a rate of just 1.3% in the second quarter, according to the advance estimate released by the Commerce Department. The figure came in well below forecasts predicting a 1.8% increase in gross domestic product (GDP) in the three months between April and June. The Bureau of Economic Analysis also revised down its...