Why the U.S. economy is already struggling
U.K. GDP rose 0.2% in July from a year earlier, but it is the weakest rate of growth since January, according to a report published Monday by the Bureau of Economic Analysis.
The economy contracted at an annual rate of 0.3% in the fourth quarter, which also saw an increase in consumer spending, which is the main driver of economic activity.
U.S.-based data showed that the U