Sunday, Jul 31, 2016
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Economy

Buffett: Economic growth slowed in U.S.

OMAHA -- Billionaire investor Warren Buffett said U.S. economic growth has slowed in the last two months as fears about Europe's debt woes mounted.

Mr. Buffett's comments during an interview Thursday on the cable TV network CNBC contrast with what he has been saying for a couple years. Mr. Buffett has said the economy was gradually improving since the fall of 2009 in every area except businesses related to housing.

Mr. Buffett said the U.S. economy has not turned negative, but business in Europe has dropped off quickly the last two months.

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