Q2 GDP growth revised up as businesses boost investment
Washington
ECONOMIC growth in the US was less sluggish than previously thought in the second quarter as exports grew more than imports and businesses raised their investments - hopeful signs for the economic outlook.
Gross domestic product expanded at a 1.4 per cent annual rate, the Commerce Department said on Thursday in its third estimate of GDP. That was up from the 1.1 per cent rate it reported last month and higher than analysts' expectations.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
China’s Xi lands in Serbia after talking Ukraine, trade in France
Stormy Daniels details alleged sex with Trump at hush money trial
Indian vote body tells X to remove Modi party video targeting Muslims, opposition
Inflation-hit Argentina has a new top banknote, worth just US$10
Trade between Singapore and Asean was at S$295.6 billion in 2023
One out of every 24 New York City residents is a millionaire