US government data show that the country's gross domestic product for the April-June period grew at an annualized rate of 2.8 percent in real terms compared with the previous quarter.
The advance estimate released by the Department of Commerce on Thursday exceeded the market forecast of roughly 2 percent. It also marks the eighth consecutive quarter of expansion.
This indicates that the US economy has been growing robustly even amid high interest rates.
The advance estimate released by the Department of Commerce on Thursday exceeded the market forecast of roughly 2 percent. It also marks the eighth consecutive quarter of expansion.
This indicates that the US economy has been growing robustly even amid high interest rates.
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Summary
U.S. GDP grew by 2.8% in Q2 compared to the previous quarter, exceeding market forecasts of approximately 2%. This marks the eighth consecutive quarter of economic expansion, suggesting robust growth amidst high interest rates. #US_GDP_growth, ECONOMY_EXPANSION
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| 2024/07/26 07:40 | Anonymous | 72 | - | - |
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ID: c48cc099-5126-4a11-bb04-f67f76fff4b6
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20240726_01/
Date: July 26, 2024
Created: 2024/07/26 07:00
Updated: 2025/12/08 11:54
Last Read: 2024/07/26 07:40