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U.S. Hit by Weakest Postwar Rebound

July 31, 2012 1 minute Read by Four Percent

Ben Casselman and Neil Shah, The Wall Street Journal The worst U.S. recession since World War II has also had the weakest recovery. The nation's economy has grown 6.7% since the recession officially ended in mid-2009, according to revised data released by the Commerce Department Friday. That is slower growth than earlier data suggested and makes it the worst three-year recovery in the postwar period. The revised data show just how close the U.S. came to another double-dip recession. The economy grew 2.4% in 2010, significantly worse than the prior estimate of 3%. And economic growth in the first quarter of last year—which was initially estimated at 1.8% before repeated downward revisions—now stands barely above zero, at 0.1%. Read More

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