US ECONOMIC GROWTH SLOWS IN SECOND QUARTER BUT DOMESTIC DEMAND ROBUST

US economic growth slowed in the second quarter amid a widening in the trade deficit, but an acceleration in consumer spending and robust business investment in equipment related to the buildout of artificial… Gross domestic product increased at a 1.5 per cent ‌annualised rate last quarter, the Commerce Department’s Bureau of Economic Analysis said in its advance estimate of second-quarter GDP on Thursday.

News - South China Morning Post reports that uS economic growth slowed in the second quarter amid a widening in the trade deficit, but an acceleration in consumer spending and robust business investment in equipment related to the buildout of artificial…

The report adds: Gross domestic product increased at a 1.5 per cent ‌annualised rate last quarter, the Commerce Department’s Bureau of Economic Analysis said in its advance estimate of second-quarter GDP on Thursday.

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