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Thursday, Dec 1, 2022
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Second-quarter economic growth weaker than expected

WASHINGTON — The U.S. economy shrank at the end of last year, revised figures show, and although it resumed growing in the first half of this year — mustering a 1.9% annual rate from April through June — the expansion was weaker than most economists had expected. Treasury Secretary Henry M. Paulson Jr. said Thursday that the first-half growth should be enough to keep the economy expanding for the rest of the year. For the full story visit www.latimes.com/business/la-fi-economy1-2008aug01,0,4033273.story

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