Economic growth in the United States accelerated
In the second quarter of this year, the U.S. economic growth was faster than expected, while the inflation rate also decreased somewhat. As a result, it is expected that the central bank will reduce the base interest rate in September.
According to statistics from the Bureau of Economic Analysis in the U.S. Department of Commerce released on Thursday, July 27, the Gross Domestic Product (GDP) in the second quarter of this year increased by 2.8% compared to the same period last year.
Earlier this year, independent economic experts predicted that the GDP growth rate for this period would be between 1% and 3.4%. The U.S. economic growth rate in the first quarter of this year was 1.4%.
According to the criteria of the U.S. central bank, an economic growth rate of about 1.8% is not considered inflationary.
Despite repeated increases in interest rates in 2022 and 2023 aimed at curbing inflation, U.S. economic growth is higher than similar economies. One of the important factors is the resilient labor market and the continuous creation of new job opportunities.
