The US economy defied expectations to see growth pick up in the second quarter, according to government data released Thursday, supported by business investment and resilient consumer spending. GDP growth in the world's biggest economy came in at an annual rate of 2.4 percent for the April-June period, said the Commerce Department, despite analyst expectations of a slower rate.Thursday, 27 July 2023
The US economy defied expectations to see growth pick up in the second quarter, according to government data released Thursday, supported by business investment and resilient consumer spending. GDP growth in the world's biggest economy came in at an annual rate of 2.4 percent for the April-June period, said the Commerce Department, despite analyst expectations of a slower rate.
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