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After Weak U.S. Second-Quarter GDP, Economists Say Worse to Come

Economists say the reported 1.9% GDP growth for the second quarter of 2008 was boosted by a 1.5% increase in consumption and a 2.4% gain in net exports. The figure was lower than expectations, however, as inventories saw a sharp reduction.

Aside from the headline, the big news came from revisions to the previous two quarters...