US economy grew 1.5% in 2 Q

US growth slowed to 1.5 percent in the second quarter as consumer spending slowed, the Commerce Department said Friday.

The figure was slightly above the level expected by economists, but not high enough to blunt concern that the recovery remains weak and vulnerable to shocks.

Americans spent less on big-ticket items and invested less at home and in their place of business, lowering growth from the upwardly revised 2.0 percent rate seen in the first quarter of the year.

AFP