Consumer spending ticked up slightly after a near halt in the first quarter, but private sector investments plunged in the second quarter.
Economic growth in the United States has bounced back more than expected in the second quarter, but the data grossly overstates the economy’s health as declining imports accounted for the bulk of the improvement and domestic demand rose at its slowest pace in two and a half years.
The US economy grew by 3 percent at an annualised pace in the second…
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News Source: www.aljazeera.com
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