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Annual economic growth in the United States, as measured by gross domestic product, reached 4.1% in the second quarter, according to preliminary figures from the US statistical authorities.
Increased public and private consumption and increased industrial investment contributed to strong growth.
This is the fastest growing in four years. In the third quarter of 2014, the annual GDP growth rate was 4.9%.
Growth was just as expected in advance, according to Direct Macro.
– Strong GDP growth in the United States in the second quarter. The US economy is in good shape and we are not seeing any signs of a recession in the next two years, as optimism is great for both consumers and businesses, writes Surke Bank on Twitter.
Growth was 2.2% in the first quarter
"A bit strange with the market reaction"
Despite high growth rates, the interest rate on US ten-year bonds decreases by 0.7%. After falling due to increasing global uncertainty, US ten-year rates are about 2.96% Friday afternoon.
– The US economy is growing faster than it has been in four years, but it's odd: the level of sovereign debt rates is falling in response to the numbers. According to Bloomberg reporter Lisa Abramowicz, on Twitter
the reaction indicates that the market believes that growth is not sustainable even in the short term. (Terms)
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