US GDP Grows Less-Than-Expected 1.5% Despite Strong Consumer


A decline in net exports, which can be volatile from quarter to quarter, masked strength in underlying demand. Consumer spending, which comprises about two-thirds of economic activity, rose at a 3.2% rate. Business investment continued to boom amid a rush to invest in artificial intelligence.



Source link

  • Related Posts

    Teck and Anglo American announce future Anglo Teck Executive Leadership Team

    This news release contains certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or future…

    US economy grows a sluggish 1.5% second-quarter with inflation remaining stubbornly high

    WASHINGTON (AP) — The U.S. economy expanded at a sluggish 1.5% pace from April through June as rising imports weighed on growth, yet consumers continued to spend. And the Federal…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    GOP’s Cornyn continues to block Todd Blanche as attorney general

    GOP’s Cornyn continues to block Todd Blanche as attorney general

    Stumped – New era for England as Stephen Fleming appointed Test coach

    Stumped – New era for England as Stephen Fleming appointed Test coach

    Neon Genesis Evangelion Streaming on Criterion Channel

    Neon Genesis Evangelion Streaming on Criterion Channel

    Kelly McParland: Midterms coming to cast judgment on Trump

    TechCrunch Disrupt 2026’s biggest stage features leaders from Amazon, Replit, Tether, with much more to come 

    TechCrunch Disrupt 2026’s biggest stage features leaders from Amazon, Replit, Tether, with much more to come 

    The Engineering Compromise Behind Every Fuel-Saving Winglet

    The Engineering Compromise Behind Every Fuel-Saving Winglet