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European leaders vow to save the euro, while US growth slows in Q2.
July 27, 2012
By: TOM BRANNA
Editor
It’s good news and bad news today regarding the global economy. First the bad stuff. The US economy slowed in the second quarter amid weak consumer spending, government cuts and a rise in imports from foreign countries. Gross domestic product, the broadest measure of the nation’s economic health, grew at an annual rate of 1.5% from April to June, the Commerce Department said this morning. Still, that’s better than the 1.4% growth many analysts were expecting, but down signific...
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