The outlook for the U.S. economy appeared dimmer Monday after a report that Americans spent less at retail businesses for a third straight month in June.
The report led some economists to downgrade their estimates for economic growth in the April-June quarter. Many now think the economy grew even less than in the first quarter of the year, when it expanded at a sluggish 1.9 percent annual rate.
'Just No Good News at All': Retail Sales Fall More Than Expected as Economy Weakens
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Seeded on Mon Jul 16, 2012 7:17 PM
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