Growth Slows to 1.5 Percent

    LANSING, MI, - JULY 26:  General Motors' workers assemble a 2013 Cadillac ATS on the assembly line at the General Motors Lansing Grand River Assembly Plant July 26, 2012 in Lansing, Michigan. The first 2013 Cadillac ATS available for retail sale rolled off the assembly line today at the plant. (photo by Bill Pugliano/Getty Images)

    Bill Pugliano / Getty Images

    We’re not impressed. The government said Friday that U.S. economic growth slowed to 1.5 percent in the second quarter, beating analyst expectations of 1.4 percent annual growth, but still a meager showing, as factory orders slowed and shoppers held on to their dollars. Along with the growth measurements, the Commerce Department put out adjusted figures on Friday that showed that the recession was less severe in 2009, 2010, and 2011 than was shown by prior reports. Friday’s numbers show a slowdown in the economic recovery from the first quarter, when there was an overall growth rate of 2 percent.

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