Advertisement

US economy speeds up growth

The US economy gathered speed in the second quarter of the year, growing at an annualised pace of 2.6%. 
     
The pick-up was helped by consumer spending in the quarter expanding at a pace of 2.8%, and businesses stepping up spending on equipment. 
     
The growth rate for the first quarter was cut to 1.2%, compared with the previous estimate of 1.4%.
     
Earlier this week, the IMF revised down its US growth forecast for this year from 2.3% to 2.1%.


comments powered by Disqus
Most Popular
Major fraud uncovered at Courts branch in...