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Slowdown in Consumer Spending Could Lead to Recession
by Year-End

post from Jutia Group on 01 September 2008 10:47:15 AM. © Jutia Group

Consumer spending, responsible for the bulk of U.S. gross domestic product (GDP), slowed in July as the effects of the government?s stimulus package tapered off.

The Commerce Department announced that consumer spending grew at a 0.2% rate in July. But on…



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