Even as Joe Biden touts ‘strongest economy in the world’, nearly three in five Americans wrongly believe US is in recessionThe pace of US economic growth accelerated in the last quarter, remaining unexpectedly resilient in the face of high interest rates and persistent inflation.Gross domestic product (GDP) – a broad measure of economic health – rose 2.8% in three months to June, the commerce department reported on Thursday, ahead of economists’ expectations and up sharply from 1.4% in the first quarter. Continue reading…
Source link : https://www.theguardian.com/business/article/2024/jul/25/june-inflation-interest-rates
Author : Callum Jones and agencies
Publish date : 2024-07-25 14:22:48
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US economic growth ramps up, growing 2.8% in latest quarter
