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Economy

“U.S. economy grew at a 2.8% pace in the second quarter, much more than expected”

“…Real gross domestic product, a measure of all the goods and services produced during the April-through-June period, increased at a 2.8% annualized pace adjusted for seasonality and inflation. Economists surveyed by Dow Jones had been looking for growth of 2.1% following a 1.4% increase in the first quarter.

Consumer spending helped propel the growth number higher, as did contributions from private inventory investment and nonresidential fixed investment…”

https://www.cnbc.com/2024/07/25/us-gdp-q2-2024.html

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