Fears over US economic recovery - papers 1 August

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The Times and The Scotsman both lead today with news that the US recession was deeper than first tho...

The Times and The Scotsman both lead today with news that the US recession was deeper than first thought and that growth in the world's largest economy is still on the skids. The Times says that economic data released yesterday indicates an increased possibility of a double-dip recession, something that many have been talking about for some time. Annualised growth in the second quarter stood at 1.1%, just half of previous expectations, and well down on the 5% rate experienced in the previous quarter. In comparison with the UK, the US grew its GDP just 0.3% in June, whil...

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