Economies: US Slows, UK Jumps, Japan Deflates

  Slowing America, surging Britain (and Germany), slumping Japan, with news this week on Australian second quarter growth to position us amid the still solidly performing economies.America's second quarter growth was revised down to a sluggish 1.6% (0.4% quarter on quarter), & #160;pointing to an even softer performance in the current third quarter.That was from a first estimate of 2.4% a month ago (0.6% q/q) and the most recent peak of 5.6% in the December quarter of 2009 (1.4% q/q).So in effect, the slowdown in the US has been so pronounced that in the space of nine months, the annual growth rate now only equals the quarter on quarter rate of the December quarter.  

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