This behavior occurs after you know the economy of USA grew half a point in the second quarter, as confirmed in the third and final calculation of the Bureau of Labor Statistics (BEA)which also leaves the calculation of the annual growth rate of gross domestic product at 2.1%.
This data shows a slowdown in the growth of the former economy of the world, since the BEA revised the first quarter progress of 0.6% upwards by an annual rate of 2.2%, in both cases a tenth above what was previously calculated.
Compared to the evolution of the first quarter, the data is ahead GDP between April and June they mainly reflect a slowdown in household consumption and exports, as well as in government spending, while private investment in non-residential sectors increased and residential investment decreased.
Source: El heraldo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
