Is anyone surprised? Really? Moody's said its near-term outlook for the U.S. economy has fallen significantly in the past month in the wake of the debate over the U.S. debt ceiling and the downgrade by S&P's of the nation's credit ratings, according to the Chicago Tribune.
Moody's now expects real gross domestic product to increase at an annualized rate of about 2 percent in the second half of this year and just over 3 percent next year, compared with its estimate a month ago for growth of 3.5 percent for the second half of this year and through 2012….
Get the full story at http://www.chicagotribune.com/business/breaking/chi-moodys-lowers-growth-outlook-for-us-20110815,0,2894933.story
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