Home » Economy » The US economy grew by 2.1% in the second quarter… in line with expectations

The US economy grew by 2.1% in the second quarter… in line with expectations

by Alexandra Hartman Editor-in-Chief

2023-09-28 15:38:30

The final reading of America’s gross domestic product revealed that the economy grew by regarding 2.1%, which is the same levels as the second reading.

The US economy grew by regarding 2.2% in the first quarter of this year and by 6.2% in the second quarter of 2022.

The data showed fixed income investments growing by regarding 5.2% in the three-month period ending in June, compared to 3.1% in the first quarter.

US exports fell by 9.3% in the second quarter, and imports fell by 7.6%.

As for personal consumption expenditures, they increased by regarding 0.8%, compared to an increase of 3.8% in the first quarter.

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