The economy grew at a dismal 1.3 percent annual rate in the April-June quarter, after slowing to nearly a standstill in the first three months of this year, the Commerce Department said Friday. The government sharply lowered its growth estimate for the January-March period to a 0.4 percent annual rate, from 1.9 percent.
It was the slowest six months of growth since the recession ended in June 2009. High gas prices and stagnant wages held consumer spending to its lowest gain in two years.
Below are key components of economic growth, and how they grew or shrank: