Summary
WASHINGTON -- The economy lost momentum in the spring and probably is in for a spell of somewhat sluggish growth ahead, which could weigh on voters when they go to the polls in November.
The latest snapshot that the Commerce Department provided of the economy on Wednesday showed that economic activity grew at just a 2.9 percent annual rate during the April-to-June quarter.See the full content of this document
Extract
Economy Is Losing Steam
Although that was a slight improvement over the government's first estimate of a 2.5 percent growth rate, it nevertheless provided vivid evidence of just how much momentum the economy has lost since last w...
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