US Economy Grew At Surprisingly Weak 1.2 Percent Annual Rate In Q2

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Experts had expected the U.S. economy to bounce back strongly in the second quarter after an anemic expansion over the winter caused in part by financial market turmoil.

The weak start to 2016 continued through the spring, with the U.S. economy growing at a surprisingly weak 1.2 percent annual rate in the second quarter, the Commerce Department said Friday. The first of three estimates for the April-June period was less than half of what economists had forecast and could cause Federal Reserve policymakers to…