The Recession is Over ... But ....

Economy loses speed in spring; more weakness ahead

By JEANNINE AVERSA, AP Economics Writer Jeannine Aversa, Ap Economics Writer – Thu Sep 30, 10:30 am ET

WASHINGTON – The nation's economic growth tailed off sharply in the spring and probably isn't faring any better now.

Gross domestic product — the broadest measure of the economy's health — expanded at a feeble 1.7 percent annual rate in the April-June quarter, The Commerce Department reported Thursday.

That's a notch higher than the 1.6 percent growth rate the government estimated a month ago. The slight change was mostly due to a little more spending by consumers than first estimated. Still, that's not enough to have a major impact on the economy.

FEEBLE? What a recovery!