GDP Growth Slower Than Expected

The economy advanced at a 1.9% annual pace in the second quarter, less than the 2.3% climb that was forecast.
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The U.S. economy grew at a 1.9% annual pace in the second quarter, the federal government said Thursday with its initial review of the April to June period.

On average, economists were expecting an advance of 2.3% in gross domestic product. The advance report, as the first is known, will be followed by two revisions, one in August and a final number in September.

This article was written by a staff member of TheStreet.com.