While this is an acceleration from the 0.4% advance in the first quarter, it is anemic enough to cause worries about another recession. The slowdown in the economy can also be seen in the decline in GDP growth in the last four quarters. This has dwindled" />
IHS Chemical Week

Chemical Week Magazine :: Departments :: Vital Statistics

Economy Stalls

10:03 AM MDT | September 9, 2011 | —Arnold Pearlman

There is little good news emanating from government or private sector reports. The data indicate that the economy has stalled or is heading for another downturn. The latest GDP release shows overall economic growth at an annual rate of 1% in the second quarter. While this is an acceleration from the 0.4% advance in the first quarter, it is anemic enough to cause worries about another recession. The slowdown in the economy can also be seen in the decline in GDP growth in the last four quarters. This has dwindled...

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