The U.S. economy demonstrated robust growth in the second quarter of 2024, with real Gross Domestic Product (GDP) rising at an annual rate of 2.8%, according to the Bureau of Economic Analysis (BEA)’s “advance” estimate. This marks a significant acceleration from the 1.4% growth observed in the first quarter. The increase in GDP was primarily fueled by heightened consumer spending, increased private inventory investment, and…
U.S. Economy Accelerates with 2.8% GDP Growth in Q2 2024
Consumer spending and private investment counter the decrease real state sector.
