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U.S. Economy Grew Less-Than-Forecast 1.2% in Second Quarter

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The economy continues to grow weakly, clocking in a 1.2% annualized growth rate.  This has been one of the longest eras where our annual economic growth rate has consistently stayed below 3%.

The U.S. economy expanded less than forecast in the second quarter after a weaker start to the year than previously estimated as companies slimmed down inventories and remained wary of investing amid shaky global demand.

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