US GDP grows 1.5% in Q2 versus 2% in Q1; consumer spending growth slows – Economic Times

It’s still economy stupid but no one seem to want to admit it.

“The economy is struggling to maintain altitude,” said Robert Dye, chief economist at Comerica in Dallas. Dye made the comments before the release of the report

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via US GDP grows 1.5% in Q2 versus 2% in Q1; consumer spending growth slows – Economic Times.

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Review & Outlook: The 1.5% Presidency – WSJ.com

The reality is that the Great Recession ended three long years ago. In this Less Than Great Recovery, the economy shows promise for one good quarter then slows back down. As the nearby chart shows, this is the third straight year of sputtering recovery. Growth of 4.1% in the fourth quarter declined to 2% in the first and now 1.5% in the second. The stock market rose as investors bet that the lousy growth will inspire more Federal Reserve easing.

via Review & Outlook: The 1.5% Presidency – WSJ.com.