Wednesday 27 July 2011

US fails to halt slide towards debt default

Telegraph
"Tomorrow is expected to see confirmation the world's largest economy slowed further in the second quarter of the year after stumbling in the first. Wall Street economists expect US growth to have slowed to a 1.6pc pace from 1.9pc in the first quarter. "The picture of US growth in the first half of the year will not be a pretty one," said Gregory Daco, an economist at IHD Global Insight. "

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