The Week in Review: U.S. GDP Slumps, European Conditions Mixed
The United States is beginning to underperform other developed countries as several economic indicators point to a slowdown.
Earlier this week the United States Census Bureau reported retail sales stagnated in April, despite expectations of a 0.2% rise in spending as more employment encouraged greater spending. Instead, consumers are limiting their discretionary spending in a trend that has established itself over the last year.