US EditionUS 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.
51 Articles
51 Articles
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.
US government estimates economy grew last quarter at a 2.1%
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.
US government estimates economy grew last quarter at a 2.1% rate, unchanged from previous projection
WASHINGTON – 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.
Economy grows 2.1 percent estimates government, 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.
US government estimates economy grew last quarter at a 2.1% rate, unchanged from previous projection
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.
Coverage Details
Bias Distribution
- 44% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
