US Economy continues at a snails pace

The U.S. economy grew at the slowest pace in almost a year between April and June as consumers and businesses succumbed to a raft of worries about jobs, wages, Washington and Europe.

The Commerce Department reported that Gross Domestic Product expanded at a 1.5 percent annual rate in the second quarter, after rising at an upwardly revised 2.0 percent pace from January to March. Output for the fourth quarter was raised to a 4.1 percent rate from 3.0 percent.