Normally, “when an economy emerges from a recession,” Jim Geraghty reminds us, “it takes off, making up for lost time. For example, the growth rate exceeded 7 percent for five consecutive quarters in the early 1980s.” Well, we learn that at least according to the AP, ““The economy barely has a pulse“:
The Commerce Department on Friday will revise its estimate for economic growth in the April-to-June period and Wall Street economists forecast it will be cut almost in half, to a 1.4 percent annual rate from 2.4 percent.
(H/t Mark Hemingway @ The Washington Examiner.)
UPDATE: By contrast, Germany’s economy is “sizzling.”