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International Business Times
International Business Times
Business

The Economy Grew Less Than Expected In Q2. Core Inflation Also Remained Above The Key 2% Target

The U.S. economy grew 1.5% in the second quarter, less than expected. (Credit: Getty Images)

The U.S. economy grew 1.5% in the second quarter, less than expected, according to new data released by the Commerce Department's Bureau of Economic Analysis.

The figure stood below the estimates of analysts surveyed by Reuters, who previewed the figure would stand at 2.1%. Figures given ranged between 0.8% and 2.9%.

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