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May 2nd, 2012 
FAKE NEWS for the Zionist agenda Official statistics released on Friday showed that the economic growth had fallen to 2.2 percent in the first four months of the year, and was likely to “see another summer swoon like we saw last year,” Daniel Alpert, economics fellow at US progressive think tank, the Century Foundation, said in a report broadcast on our channel earlier in the week.
Experts attribute the slow rate of growth to higher gas prices and wavering unemployment figures, which has contributed to a decrease in the consumer domestic spending.
Consumer spending has accounted for 70 percent of the US economy, with the rate standing at a lowly 2.9 percent for the first quarter.
“It’s very clear from the most recent numbers that consumption really has moderated a little bit. The consumer was relatively strong going into the fourth quarter of last year. Then, this year, need to retrench some. It’s very clear that the resurgence in employment that everyone thought would occur during 2012 is not likely to play out that way,” Alpert said.
“Our spending domestically by governments has fallen dramatically because we’ve had such an enormous difficulty after this very, very hefty recession,” he said.
The statistics are believed to impact the upcoming presidential elections where roughly half of the eligible American voters are of the opinion that the economy will be the single biggest issue.
GAR/GMA/HN
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