The Government’s Commerce Department is scheduled to review the approximations made by it of the economic progress for the period of April to June. With the result of this reconsideration, the government anticipates to confirm the fears of the people about the fading pulsate of the economy and also give verity to the estimation of analysts that the growth rate would go down by nearly half the rate from 2.4% to a 1.4 %.

Economists predict that this is the taste of the paleness of the economy that is about to take shape completely with very less increase in the prospects of employment and thus indicates a rise in the percentage of joblessness which is 9.5 % currently.

With the every probability of the economic condition going back to the phase of recession, the paleness of the economy is anticipated to continue for at least a few subsequent months.

The various factors that had given a ray of hope by enhancing the economy in certain ways are also diminishing. With the effect of government schemes like the fiscal stimulus program worth $862 also disappearing, the burden is now on the private sector to take care of the sagging economy.