U.S. GDP Growth Q1 2012: Economic Growth Slowed To 2.2 Percent On Cutbacks In Government, Business Spending

"Government spending cuts are weighing on the U.S. economy in a way that hasn't been seen in generations. Those cuts have reduced growth for six straight quarters – the longest stretch since 1955."

"The Federal Reserve might have to rethink its forecasts and its policies, economists say. One economist thinks the Fed is now more likely to pursue a third round of bond purchases to try to push down long-term interest rates to stimulate the economy."


http://www.huffingtonpost.com/2012/04/27/us-gdp-growth-q1-2012_n_1458628.html




U.K. Succumbs to First Double-Dip Recession Since 1970s: Economy

http://www.bloomberg.com/news/2012-04-25/u-k-returns-to-recession-in-first-quarter-on-building-slump.html