✉news BusinessEconomy first seen 12 h ago, last 35 min ago, peak #8
US economy grows 2.2% as consumer spending strengthens
Original: U.S. economy grows 2.2% as consumer spending strengthens
The United States economy grew at a 2.2% rate, with consumer spending providing the main source of strength, according to a report carried by The Business Journal. The figures suggest household demand continues to underpin growth even as other parts of the economy face headwinds. Economists are likely to weigh the data for signs of whether growth can be sustained in the coming quarters.
Why now: Fresh GDP figures showing solid growth driven by consumer spending are drawing attention amid ongoing debate about the health of the US economy.
United StatesThe Business Journal
Evidence
- U.S. economy grows 2.2% as consumer spending strengthens · thebusinessjournal.com
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