GDP collapse puts U.S. economy into recession red zone

James Pethokoukis AEIdeas American Enterprise Institute 9/27/2012

…GDP growth for the second quarter was revised down to 1.25%. Here is Reuters:

Economic growth was much weaker than previously estimated in the second quarter as a drought cut into inventories, setting the platform for an even more sluggish performance in the current quarter against the backdrop […]

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