US economy grows at lower-than-expected rate of 1.2 pct in Q2
The U.S. economy
Washington - XINHUA
The U.S. economy grew at an annual rate of 1.2 percent in the second quarter this year, which is below market expectation, the Commerce Department said Friday.
The gross domestic product rose at a 1.2 percent annualized rate after a 0.8 percent increase in the first quarter, it said.
The growth in the second quarter was far below the market expectation of over 2 percent.
Companies were cutting back on their investments and reducing inventories amid uncertainty, while consumer spending remained robust, the Commerce Department said.
GMT 05:30 2016 Monday ,11 July
Chinese yuan strengthens to 6.6843 against USD MondayGMT 07:45 2016 Tuesday ,28 June
LME base metals decrease on MondayGMT 13:26 2016 Monday ,27 June
U.S. stocks suffer big weekly losses on Brexit voteGMT 12:26 2016 Friday ,24 June
US stocks jump as Brexit vote beginsRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 07:20 2017 Friday ,04 August
Al-Baziji calls Houthis to stop killingGMT 05:50 2011 Thursday ,03 March
Zaha Hadid\'s Guangzhou Opera
GMT 14:13 2017 Saturday ,11 March
CHELSEA Beat SWANSEA City 3-1
GMT 03:56 2017 Saturday ,15 April
North Korea test-fires missile into sea ahead of Trump-Xi summit
GMT 02:31 2017 Saturday ,15 April
Clinton chides Trump on Syrian refugee ban after airstrikes
GMT 08:27 2017 Thursday ,07 September
Houthi commander was killed in Saraweh Front
GMT 07:55 2018 Friday ,19 January
Turkey 'not satisfied' with US assurance
GMT 12:51 2017 Tuesday ,26 September
Netanyahu tells Merkel concerned over rise in anti-SemitismGMT 15:23 2011 Friday ,17 June
Obama\'s next crisis: a teenage daughter
GMT 15:02 2017 Tuesday ,26 September
UAE Ambassador meets with Mufti of Lebanon
GMT 19:07 2017 Friday ,07 April
Spring accessories inspired from popular folklore
GMT 18:26 2017 Tuesday ,19 December
Trump eyes major tax reform victory in Congress
GMT 22:28 2017 Monday ,18 December
Trump sends mixed message with 'America First' security strategy
GMT 11:43 2017 Saturday ,25 March
Clinton aide accuses FBI chief of double standards
GMT 15:20 2016 Monday ,11 April
Fiji stake Olympic claim with convincing Hong Kong win
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor