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International Business Times
International Business Times
World
Beiyi SEOW

US Economy Beats Growth Expectations In Second Quarter

The US economy grew at a 2.8 percent rate in the second quarter, markedly higher than analysts expected (Credit: AFP)

US economic growth blew past expectations in the second quarter, boosted by consumer spending and inventory building despite high interest rates, government data showed Thursday, after a slow start to the year.

The world's biggest economy grew 2.8 percent in the April to June period, up from 1.4 percent in the first three months this year, said the Commerce Department.

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