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U.S. economy grew at slower 2.1% pace in second quarter, new GDP figures show

Por: MarketWatch Politics August 30, 2023

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The rise in gross domestic product in the spring —though now in the rearview mirror — is likely to give way to another surprisingly robust reading in the third quarter ending in September. Economists had widely believed U.S. growth would falter or even tumble into recession in light of a sharp increase in interest rates orchestrated by the Federal Reserve to tame high inflation. Higher borrowing costs typically depress the economy. A... + full article



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