U.S. GDP Growth Accelerates to 2.8% in Q2 2024
The U.S. economy grew by 2.8% in Q2 2024, up from 1.4% in Q1, driven by increased consumer spending but offset by a slowdown in business investment due to high interest rates.
News & Insights Across Asia
The U.S. economy grew by 2.8% in Q2 2024, up from 1.4% in Q1, driven by increased consumer spending but offset by a slowdown in business investment due to high interest rates.
Investment in emerging technologies in China is rising rapidly, signaling promising future growth. This trend was highlighted by Frederick Fenter at the release of the “Top 10 Emerging Technologies of 2024”.
Despite Western reports of a historic investor shift from China to India, China’s economy demonstrates resilience with strong growth and consumption, remaining a key driver in global markets.