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.
U.S. GDP
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U.S. Economy Surges: Q2 GDP Grows by 2.8%, Surpassing Expectations
The U.S. economy grew at an annualized rate of 2.8% in Q2, surpassing forecasts and highlighting strong consumer spending despite high interest rates.