United States GDP exceeded
expectations to grow by 4% in the second quarter, the US
Department of Commerce reported Wednesday.
Gains in consumer spending (up 2.5%) and business
investments (5.9%) as well as a rise in both imports (11.7%) and
exports (9.5%) fueled the unexpected rise in GDP after a 2.1%
drop in the first quarter.
The GDP data is not expected to affect US Federal Reserve
monetary policy in the short term, analysts said.
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