The much awaited US GDP data for the second quarter is out. It reads at 1.9% which has come as a shocker for most of the experts, since this is on the back of the huge tax refunds credited to millions of US citizens. In spite of that the economy has grown only at 1.9% and thus experts feel that in coming quarters recession is unavoidable. There is a ray of hope that the recession can be avoided if at all the crude prices drop below 100 dollars.