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GDP grew at a 2.4% pace in the second quarter, topping expectations despite recession calls

Gross domestic product was expected to increase at a 2% annualized pace in the second quarter.

In the face of persistent calls for a recession, the economy showed surprising resilience despite a series of Federal Reserve interest rate increases that most Wall Street economists and even those at the central bank expect to cause a contraction.

GDP grew at a 2.4% pace in the second quarter, topping expectations despite recession callshttps://www.cnbc.com/2023/07/27/gdp-q2-2023-.htmlOpen linkView original on kbin.social
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GDP grew at a 2.4% pace in the second quarter, topping expectations despite recession calls | Spyke