NPR logo

Economy

  • Download
  • <iframe src="https://www.npr.org/player/embed/1147591/147591" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
Economy

Economy

Economy

  • Download
  • <iframe src="https://www.npr.org/player/embed/1147591/147591" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

The U.S. economy slowed sharply in the second quarter, expanding at an annual pace of just 1.1 percent. That's about half the pace Wall Street was expecting and an abrupt change from the 5-percent growth rate achieved in the first quarter. The Commerce Department also revised its gross domestic product numbers for last year. The new numbers show the economy was in recession for three quarters in a row, rather than just one quarter, as previously thought. NPR's Jim Zarroli reports.

We no longer support commenting on NPR.org stories, but you can find us every day on Facebook, Twitter, email, and many other platforms. Learn more or contact us.