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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%.

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