US growth curbed by cautious consumers

2012-07-27 8

US economic growth slowed in the second quarter of the year.

Gross domestic product expanded by 1.5 percent between April and June from the same period last year.

First-quarter growth was revised up slightly to a 2.0 percent pace.

Output for the fourth quarter of 2011 was raised to a 4.1 percent rate from 3.0 percent.

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