U.S. Economy Grew at 1% Annual Pace in Second Quarter

Aug. 26, 2011 - Aug. 26 (Bloomberg) -- The U.S. economy grew less than previously estimated in the second quarter, capping the weakest six months of the recovery that began in mid 2009. Gross domestic product climbed at a 1 percent annual rate from April through June, down from a 1.3 percent prior estimate,revised Commerce Department figures showed today in Washington. The median forecast of economists surveyed by Bloomberg News called for a 1.1 percent increase.(Source: Bloomberg) (/Bloomberg) Correction: Clarification:

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