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US economic growth slows unexpectedly in second quarter
foxbusiness.com • • general
Key Points:
- The U.S. economy grew at an annualized rate of 1.5% in the second quarter, according to the Commerce Department's advance estimate.
- This growth rate was below economists' expectations of 2.1%, indicating a slowdown in economic expansion.
- The Bureau of Economic Analysis will release a revised GDP estimate in late August, followed by a final revision at the end of September.
- The data covers the three-month period from April to June.
