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Economic Recession Impact Recent Stories and News Recession was deeper than gov't thought The Great Recession was deeper than the government previously thought, The Associated Press reports, citing revised federal economic data. Read more... Economic growth seen slower in Q2 on imports Economic growth likely slowed in the second quarter as a capital investment drive by businesses was sated by imports and consumer spending tapered off, a government report is expected to show on Friday. Read more... Data Shows Recession Was Deeper Than Thought The U.S. economic recession was more severe than previously estimated, the government said Friday in a series of data revisions that also showed growth at the end of last year was weaker than previously thought. Read more... US economic growth slows to 2.4% US economic growth slowed dramatically to 2.4 percent in the second quarter of this year, the Commerce Department said Friday. Read more... Economic growth likely slowed in second quarter The already fragile economic recovery may be getting weaker. Read more...