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 21:45 2017 Saturday ,25 March
AL team in Algiers on Sunday in preparation for elections
GMT 19:33 2018 Thursday ,01 November
Hamas, Islamic Jihad agree to keep anti-Israeli marches "popular, peaceful"
GMT 14:00 2014 Tuesday ,04 November
Bashir, Salva Kiir hold talks
GMT 16:11 2016 Wednesday ,23 March
United Nations envoy to Libya cancels visit to TripoliGMT 20:47 2011 Friday ,24 June
TV\'s Columbo, Peter Falk, dead at 83
GMT 12:47 2017 Friday ,11 August
ISIS launched consecutive attacks targeting Syrian regime forcesGMT 14:55 2011 Tuesday ,03 May
Tank-backed Syrian forces take control of Daraa
GMT 13:06 2017 Tuesday ,26 September
Erdogan threatens Iraqi Kurds with border closure, oil blockGMT 06:30 2011 Monday ,06 June
William and Kate to live in Kensington Palace
GMT 08:09 2013 Thursday ,08 August
Toshiba introduces a wide range of laptops, Satellite
GMT 18:33 2017 Thursday ,28 December
Human Rights Watch accuses Yazidis of executing civilians
GMT 14:04 2015 Saturday ,11 July
New computer programme may fix billion-dollar bit rot problemGMT 13:03 2012 Monday ,06 February
\'Jack and Jill\' sets new low for comedies
GMT 05:58 2017 Tuesday ,21 February
Five dead as plane crashes into Melbourne shopping centre
GMT 13:38 2017 Sunday ,12 March
‘Kong: Skull Island’ film review
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