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

Real GDP contracts by 0.6% in Q2

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%.

Check Also

Gold Prices Climb, Set for Weekly Gains Ahead of U.S. Jobs Report

Gold prices advanced in Asian trading on Friday, holding close to record highs as investors …