U.S. economy grew at slower pace than forecasted

Filed under: AM Roundup |

The United States economy grew less than previously forecasted during the second quarter, according to Bloomberg.

The world’s largest economy grew at 1.3 percent from April to June, as opposed to 2 percent for the first quarter of the year.

Household purchases, which account for 70 percent of the economy, grew at 1.5 percent.

Read more at Bloomberg.