US economy grows by 1.3%

US economy grows by 1.3% The US economy grew at a dismal annualised rate of 1.3 per cent in the second quarter, towards the bottom of the range of already weak expectations.

The figures confirm the depths of the spring economic slowdown in the US and raise questions about whether the country can achieve a widely expected recovery in the second half.
http://link.ft.com/r/9ULF66/97M3GL/ZBHOFE/FX5QLZ/5VVD6I/T3/h?a1=2011&a2=7&a3=29