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US Economic Growth Slows

   VOA News 30 July 2010

   The  U.S. economic recovery lost some momentum in April, May and June,
   as consumer spending cooled and the trade deficit grew.
   Friday's  Commerce  Department  report says the gross domestic product
   grew  just 2.4 percent in the second quarter. That is much slower than
   the 3.7-percent growth in the first part of the year.
   The  GDP is the broadest measure of the nation's economic health. Many
   economists  predict  GDP  growth  will  be even slower for the rest of
   2010.
   The  slow  growth comes as the nation struggles to cut the 9.5-percent
   unemployment  rate.  The  slowdown  has  left  nearly 7 million people
   unemployed for six months or more.

   Some information for this report was provided by AFP, AP and Reuters.

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