Economy

US Economic Growth in Second Quarter Beats Expectationsi
X
August 30, 2013 12:10 AM
The U.S. economy grew at a faster pace in the second quarter than first thought. The Commerce Department says the country’s gross domestic output increased at an annual rate of 2.5 percent from April to June - a marked improvement from the initial estimate of 1.7 percent. Analysts say the latest figure suggests the U.S. recovery is gaining momentum. Mil Arcega has more for VOA.

US Economic Growth in Second Quarter Beats Expectations

Published August 29, 2013

The U.S. economy grew at a faster pace in the second quarter than first thought. The Commerce Department says the country’s gross domestic output increased at an annual rate of 2.5 percent from April to June - a marked improvement from the initial estimate of 1.7 percent. Analysts say the latest figure suggests the U.S. recovery is gaining momentum. Mil Arcega has more for VOA.


You May Like

Disappointing Report on China's Economy Shakes Markets

In London and New York shares lost 3 percent, while Paris and Germany dropped around 2.4 percent More

DRC Tries Mega-Farms to Feed Population

Park at Boukanga Lonzo currently has 5,000 hectares under cultivation, crops stretching as far as eye can see, and is start of ambitious large-scale agriculture plan More

Video War, Drought Threaten Iraq's Marshlands

Areas are spawning ground for Gulf fisheries, a resting place for migrating wildfowl, source of livelihood for fishermen and herders who have called the marshes home for generations More