U.S. economy unexpectedly accelerated to 2.4% growth rate in Q2

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3 thoughts on “U.S. economy unexpectedly accelerated to 2.4% growth rate in Q2

    1. Yup, but the AP is, like most legacy media outlets, taking marching orders from the current administration.

  1. The increase in real GDP reflected increases in consumer spending, nonresidential fixed investment, state and local government spending, private inventory investment, and federal government spending that were partly offset by decreases in exports and residential fixed investment. Compared to the first quarter, the acceleration in GDP in the second quarter primarily reflected an upturn in private inventory investment and an acceleration in nonresidential fixed investment. These movements were partly offset by a downturn in exports, and deceleration in consumer spending, federal government spending, and state and local government spending. Source: http://www.bea.gov

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