Analysis: Q2 data show the U.S. is still struggling with economic recovery

08/1/2010 | Economist (free content), The

An advance estimate for economic output in the second quarter confirms what other disappointing data suggest: Gross domestic product expanded at an annual rate of 2.4%. A closer look at the data prompts concern that recovery of the labor market might slow even more, but the Senate seems reluctant to authorize additional spending to deal with unemployment, according to The Economist. "The best hope for American workers -- and for vulnerable legislators -- may be renewed interest in expansionary policy at the Federal Reserve," the magazine notes.

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Economist (free content), The

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