The New York Times reports:
The United States economy expanded at a 2.4 percent annualized rate in the second quarter of this year, slowing significantly from the revised 3.7 percent rate of the previous few months, the Commerce Department reported on Friday.
Gross domestic product, a broad measure of the total value of goods and services produced in the economy, has been expanding for the last year, leading many economists to believe the recession that began in December 2007 is technically over.
But G.D.P. growth in the last quarter of 2009 was much more robust than it has been this year, which, coupled with disappointing job creation, has led to worries that the recovery is losing steam. Many economists expect growth rates under 2 percent for the remainder of the year.
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