Open Demo Account
Home / Market Update / Forex Market / Real GDP contracts by 0.6% in Q2

Real GDP contracts by 0.6% in Q2

Adel 25 August, 2022 4:53 pm Forex Market, Market Update

The US economy contracted at an annualized rate of 0.6% in the second quarter, the US Bureau of Economic Analysis’ (BEA) second estimate showed on Thursday. This reading came in higher than the flash estimate of -0.9% and surpassed the market expectation of -0.8%.

Tags

Check Also

Weekly Recap: Fed Hawkishness Shakes Stocks, Dollar Strengthens

US stocks had a volatile week, with a sharp decline on Wednesday, followed by recovery …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends