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US economy expands at sluggish 1.5% pace in second quarter, but consumer spending stayed strong

Americas 2 sources 2 countries 🔦 Under-reported 20m ago

The United States economy experienced a growth rate of 1.5% during the second quarter, spanning from April through June. This figure represents a deceleration in the gross domestic product, which measures the nation's total output of goods and services, according to data released by the Commerce Department on Wednesday.

Despite the overall sluggish pace of economic expansion, consumer spending remained a resilient component of the economy. This continued strength in consumer activity served as a notable counterpoint to the broader slowdown in national output.

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Read the full story at the source Toronto Star (Toronto, Canada) · CA
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