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US Second Quarter GDP - Lackluster, But Better Than Expectedi
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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.