us economy grows at lowerthanexpected rate of 12 pct in q2
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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US economy grows at lower-than-expected rate of 1.2 pct in Q2

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Arab Today, arab today US economy grows at lower-than-expected rate of 1.2 pct in Q2

The U.S. economy
Washington - XINHUA

The U.S. economy grew at an annual rate of 1.2 percent in the second quarter this year, which is below market expectation, the Commerce Department said Friday.

The gross domestic product rose at a 1.2 percent annualized rate after a 0.8 percent increase in the first quarter, it said.

The growth in the second quarter was far below the market expectation of over 2 percent.

Companies were cutting back on their investments and reducing inventories amid uncertainty, while consumer spending remained robust, the Commerce Department said.

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us economy grows at lowerthanexpected rate of 12 pct in q2 us economy grows at lowerthanexpected rate of 12 pct in q2

 



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us economy grows at lowerthanexpected rate of 12 pct in q2 us economy grows at lowerthanexpected rate of 12 pct in q2

 



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