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The US economy grew 2.1% in Q2

Adel 28 September, 2023 4:14 pm Forex Market, Market Update

The final reading of America’s gross domestic product revealed that the economy grew by about 2.1%, which is the same levels as the second reading.

The US economy grew by about 2.2% in the first quarter of this year and by 6.2% in the second quarter of 2022.

The data showed fixed income investments grew by about 5.2% in the three-month period ending in June, compared to 3.1% in the first quarter.

US exports fell by 9.3% in the second quarter, and imports decreased by 7.6%.

As for personal consumption expenditures, they increased by about 0.8%, compared to an increase of 3.8% in the first quarter.

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