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July 25, 2024

US economy expands 2.8% in 2nd quarter, shows first reading

ISTANBUL: The US economy expanded 2.8% in the second quarter of 2024, according to the Commerce Department’s first advance reading released Thursday.

The figure came much higher than market estimates of 2%.

The American economy expanded by 1.4% in t…

US Treasury chief says economy on steady growth, inflation falling

ISTANBUL: The US Treasury Secretary Janet Yellen said Thursday that the American economy is on a steady growth with inflation declining.

“Instead of faltering, US GDP grew by a robust 3.1% during 2023,” she told a press conference during the G20 Fina…