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U.s. Economy Likely Lost Step In Second Quarter; Expected To Regain Pace

Ron Burgundy

By Ron Burgundy,
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Ron Burgundy

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The U.S. flag waves in the breeze above one of the entrances to the New York Stock Exchange, November 19, 2012. REUTERS/Chip EastBy Lucia Mutikani WASHINGTON (Reuters) - U.S. economic growth likely slowed sharply in the second quarter, but it is poised to regain momentum as the burden brought on by belt-tightening in Washington eases. Gross domestic product probably grew at a 1.0 percent annual rate, a step back from the first-quarter's 1.8 percent pace, according to a Reuters survey of economists. Some said growth could be even weaker, with forecasts ranging as low as 0.4 percent. ...




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