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

Market Drivers-US Session: Trade Tensions and Fed Autonomy Steer Markets

The US Dollar weakened further on Tuesday, July 22, 2025, dropping to two-week lows around …