Business News
Home > Business News
US economy grew more slowly in second quarter than previously estimated
TIWN
TIWN
![US economy grew more slowly in second quarter than previously estimated US economy grew more slowly in second quarter than previously estimated](http://www.tripurainfoway.com/viewimage.php?src=http://www.tripurainfoway.com/news_pic/2023/1-1693450117.png&w=567)
PHOTO : TIWN
Washington, August 31 : The US economy grew more slowly in the second quarter than previously estimated -- a good sign for the Federal Reserve, which is attempting to cool demand to bring down price increases, a media report said.
Gross domestic product, the broadest measure of economic output, rose at an annualised rate of 2.1 per cent in the second quarter, according to the Commerce Department’s second estimate released on Wednesday, CNN reported.
That’s a slightly slower pace than the 2.4 per cent the department initially estimated.
Add your Comment
Comments (0)
More Business News
- India's business activity surges to 3-month high in July
- Rs 6.67 lakh crore investment needed by 2031-32 to expand thermal power capacity
- Adani Energy Solutions posts 73 pc net profit growth in Q1, revenue surges 43 pc
- Centre's fiscal consolidation plan will boost India's credit profile: Global agencies
- Experts clarify new capital gains tax regime for realty sector