Unexpected Surge: Unpacking the U.S. Economic Growth in Q2 2024

In the second quarter of 2024, the U.S. economy grew by an unexpected 2.8%, far outpacing many analysts’ modest 2% predictions. This growth represented a substantial acceleration from the previous quarter’s 1.4%. The Commerce Department attributed this surge mainly to robust consumer spending and increased investments in several sectors. Impressively, GDP in current dollars climbed […]