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US economy beats expectations with spring surge

2023-07-27 21:50
The world's largest economy expanded at an annual rate of 2.4% in the three months to June.
US economy beats expectations with spring surge

US economic growth picked up this spring, despite a slowdown in consumer spending.

The world's largest economy expanded at an annual rate of 2.4% in the three months to June, accelerating from a rate of 2% in the prior quarter.

That was far better than expected, lifted by a jump in business...