The real GDP growth rate for the April-June 2012 quarter (seasonally adjusted; the annualized growth rate compared with the previous quarter) rose to only 1.7 percent, and growth decelerated in domestic demand, including private consumption, business fixed investment, and housing investment.
While economic indicators since July have been mixed, what concerns me is that there seem to be signs of weakening in the buoyant corporate sector, which has been supporting the recovery in the household sector. Let me amplify this point.