US Economy Up 4 per cent in Second Quarter

Washington, July 30 (QNA) – The US economy grew at an annual rate of 4 per cent in the second quarter, according to an initial government estimate said Wednesday.

The figure marks a turnaround after gross domestic product registered its first decline in three years in the previous quarter.

Updated data showed first quarter growth fell a revised 2.1 per cent, less than the 2.9 per cent drop the Bureau of Economic Analysis reported last month.(QNA)

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