BUSINESSSCMP CHINA
US economic growth slows in second quarter but domestic demand robust
US economic growth slowed to a 1.5% annualized rate in the second quarter due to a widening trade deficit, but consumer spending accelerated and business investment in AI infrastructure remained robust. The Commerce Department’s Bureau of Economic Analysis released the advance GDP estimate on Thursday.
Mentioned
Related Signal
Adjacent reporting
- US economic growth rebounds 2% as consumer spending slows amid Iran war
- US economy expanded at solid 2.1% pace in January-March, government says, upgrading last estimate
- US economy grew less than expected at 1.5% rate in second quarter
- US economy expanded at solid 2.1% pace in January-March, government says, upgrading last estimate
- U.S. economy slowed to 1.5% growth rate in Q2; June core inflation at 3.3%
- US economy expanded at solid 2.1% pace in January-March, government says, upgrading last estimate