Los Angeles Business Journal

U.S. Economy Slowed to Tepid Growth

Friday, July 27, 2012

The federal government this morning confirmed what businesspeople suspected: the U.S. economy grew at a tepid 1.5 percent annual rate in the second quarter. The New York Times reports that the sluggishness of the recovery makes the nation more vulnerable to trouble in Europe and increases the likelihood of more stimulus from the Federal Reserve.