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Fox Business
25 Jul 2024
Gross domestic product, the broadest measure of goods and services produced across the economy, grew by 2.8% on an annualized basis in the three-month period from April through June, the Commerce Department said in its first reading of the data on Thursday.
That is much higher than the 2% increase forecast by LSEG economists and the 1.4% pace seen during the first quarter.
This is a developing story. Please check back for updates.