Sunday, August 8, 2010

US Growth Slows in Second Quarter

VOAVideo: US Growth Slows in Second Quarter

Slower economic growth in the United States pushed global stocks lower Friday. The U.S. Commerce Department reports the country's gross domestic product, the broadest measure of the nation's economic health, grew by a disappointing 2.4 percent in the second quarter. Economists blame the slower pace of growth on continuing high unemployment and falling consumer confidence.