World economy: US recession fears eased by revised figures

But some experts believe that the US may not be able to skirt recession for much longer Fears that the US is falling into recession were dispelled, at least temporarily, today when second-quarter growth for the world's largest economy was revised to a higher rate than previously recorded. Government data showed that the economy expanded by an annualised rate of 3.3% in the three months to June due to robust... [read full story]