HomeEconomyUnited States: 2.1% year-on-year growth confirmed in the second quarter

United States: 2.1% year-on-year growth confirmed in the second quarter

If we simply compare with the previous quarter, as other advanced economies do, growth is 0.5%.

US gross domestic product (GDP) growth in the second quarter was 2.1% annualized, according to the third and final estimate released Thursday by the Commerce Department, unchanged from the second estimate.

If we simply compare with the previous quarter, as other advanced economies do, growth is 0.5%.

Growth surprised with its strength in the second quarter, accelerating from 2.0% in the first quarter, when analysts saw it slowing or, at best, holding steady.

In 2022, the growth of US economic activity had slowed to 2.1%, after having experienced in 2021 the highest growth since 1984 (5.9%), and in 2020 the largest drop in GDP since 1946 (- 3.5%) and two months of recession. due to Covid-19.

Author: OC with AFP
Source: BFM TV

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