BUSINESS
08/08/2008 05:12 am ET | Updated May 25, 2011

Economic Growth Feeble Despite Stimulus Package

The American economy expanded more slowly than expected from April to June, the government reported Thursday, while numbers for the last three months of 2007 were revised downward to show a contraction -- the first official slide backward since the last recession in 2001.

Economists construed the tepid growth in the second quarter, combined with a surge in claims for unemployment benefits, as a clear indication that the economy remains mired in the weeds of a downturn. Many said the data increased the likelihood that a recession began late last year.

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