U.S. economy shrinks modestly (Reuters)



The U.S. economy contracted at a slower-than-expected pace in the second quarter as the slump in business and residential investment moderated sharply, according to government data on Friday that backed views the recession was winding down. REUTERS/GraphicReuters - The deepest U.S. recession since the Great Depression showed signs of easing in the second quarter, buttressing hopes for a second-half recovery, though it may be anemic as consumers are still strapped for cash.

Source:U.S. economy shrinks modestly
(Reuters)

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