USA

US Second Quarter GDP - Lackluster, But Better Than Expectedi
X
August 01, 2013 10:40 PM
The world’s largest economy grew only slightly in the second quarter, expanding at an annualized rate of 1.7 percent between April and June. Despite the lackluster growth and a downward revision in U.S. gross domestic output in the first quarter, the GDP numbers were still better than some analysts expected. But the data also suggest the economy is still not growing fast enough for the central bank to change course on monetary policies that have kept interest rates at record lows. VOA's Mil Arcega has more.

US Second Quarter GDP - Lackluster, But Better Than Expected

Published August 01, 2013

The world’s largest economy grew only slightly in the second quarter, expanding at an annualized rate of 1.7 percent between April and June. Despite the lackluster growth and a downward revision in U.S. gross domestic output in the first quarter, the GDP numbers were still better than some analysts expected. But the data also suggest the economy is still not growing fast enough for the central bank to change course on monetary policies that have kept interest rates at record lows. VOA's Mil Arcega has more.


You May Like

At Khmer Rouge Court, Long-Awaited Verdict Approaches

First phase of trial, which is coming to an end, has focused on forced exodus of Phnom Penh in 1975 - and now many are hopeful justice will be served More

Video When Fighting Eases, Gazans Line Up at Bakeries

When there is a lull in the conflict, residents who have been hunkered down in their apartments rush out to stock up on food and other necessities More

Video Information War Rages Alongside Real One in Ukraine

Downing of Malaysian airliner, allegations of cross-border shelling move information war in war-torn country to a new level More