04/23/2024

U.S. Economy Expanded 2.3% in 2nd Quarter

The U.S. economy emerged from its winter lull with a moderate spring rebound, but the historically sluggish expansion is looking even more sluggish as it enters year seven.

Gross domestic product, the broadest measure of goods and services produced across the economy, grew at a 2.3% seasonally adjusted annual rate in the second quarter, the Commerce Department said Thursday. And the economy actually expanded at a 0.6% pace in the…

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