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Published 2 months ago

US government estimates last quarter's economic growth was 2.1%, unchanged from previous estimate

  • The U.S. Economy grew at a solid pace in the second quarter, expanding by 2.1% annually and maintaining its strong performance despite higher interest rates.
  • Consumer spending, business investment, and state and local government outlays were the key drivers of the second-quarter economic expansion. However, consumer spending grew at a slower rate of just 0.8% from April through June.
  • There are concerns about the future, as hiring and income growth are slowing and economists predict that savings accumulated during the pandemic will have disappeared by next quarter. Nevertheless, the economy is expected to continue growing and accelerate in the current quarter.
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ReutersReuters

US Q2 GDP growth unrevised at 2.1%; weekly jobless claims edge higher

The U.S. economy maintained a fairly strong pace of growth in the second quarter, the government confirmed on Thursday, and appears to have gathered momentum this quarter amid a resilient labor market.

2 months ago·United Kingdom
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Associated Press NewsAssociated Press News

U.S. government estimates economy grew last quarter at a 2.1% rate

The U.S. economy grew at a 2.1% annual pace from April through June, extending its sturdy performance in the face of higher interest rates, the government said Thursday, leaving its

2 months ago·United States
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abc Newsabc News

US government estimates economy grew last quarter at a 2.1% rate, unchanged from previous projection

The U.S. economy grew at a 2.1% annual pace from April through June, extending its sturdy performance in the face of higher interest rates, the government said Thursday, leaving its previous estimate unchanged

2 months ago·United States
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Washington TimesWashington Times

U.S. gov’t estimates economy grew last quarter at a 2.1% rate, unchanged from previous projection

The U.S. economy grew at a 2.1% annual pace from April through June, extending its sturdy performance in the face of higher interest rates, the government said Thursday, leaving its previous estimate unchanged.

2 months ago·United States
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The Washington PostThe Washington Post

US government estimates economy grew last quarter at a 2.1% rate, unchanged from previous projection

The U.S. economy grew at a 2.1% annual pace from April through June, extending its sturdy performance in the face of higher interest rates, the government said Thursday, leaving its previous estimate unchanged

2 months ago
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KIFIKIFI

US government estimates economy grew last quarter at a 2.1% rate, unchanged from previous projection

By PAUL WISEMAN and CHRISTOPHER RUGABER AP Economics Writers WASHINGTON (AP) — The U.S. economy grew at a 2.1% annual pace from April through June, extending its sturdy performance in the face of higher interest rates, the government said Thursday, leaving its previous estimate unchanged. The second-quarter expansion of the nation’s gross domestic product — its total output of goods and services — marked a modest deceleration from the economy’s …

2 months ago·Idaho Falls, United States
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