 | | US recovery concern grow over August
The US economy grew at a 1.6 per cent annual rate during the second quarter, largely a result of a slower rate of inventory accumulation and a wider deficit on the trade account. Poor US employment data and evidence of renewed weakness in the housing market particularly alarmed investors. The fragility of the housing sector, in the absence of tax credits, was underlined by a fall in both new housing starts and sales of previously owned homes in July. (...)
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