The US economy expanded 2.1% in the second quarter of 2023, less than market estimates, according to the Commerce Department’s second reading released on Wednesday.
The market expectation for the figure was to come in at 2.4%, while the first reading made last month showed a 2.4% increase in the gross domestic product.
The US economy grew 2% in the first quarter of this year.
The current dollar GDP increased 4.1%, or $268.6 billion, at an annual rate, in the second quarter to reach $26.8 trillion, the Commerce Department said in the statement.—AA
