US economic growth has slowed in recent weeks due to ongoing troubles in the housing and labor markets, a report from the Federal Reserve recently suggested. “Economic activity continued to grow; however, the pace has moderated in many districts,” the Fed said in its influential Beige Book. Earlier, figures showed new orders for US big manufactured goods fell in June. It’s different in some South American countries where unemployment is low and business is booming. Steven Bodzin reports from Chile.
The World is an independent newsroom. We’re not funded by billionaires; instead, we rely on readers and listeners like you. As a listener, you’re a crucial part of our team and our global community. Your support is vital to running our nonprofit newsroom, and we can’t do this work without you. Will you support The World with a gift today? Donations made between now and Dec. 31 will be matched 1:1. Thanks for investing in our work!