GDP grew at a 2.4% pace in the second quarter, topping expectations despite recession calls
GDP grew at a 2.4% pace in the second quarter, topping expectations despite recession calls
www.cnbc.com GDP grew at a 2.4% pace in the second quarter, topping expectations despite recession calls
Gross domestic product was expected to increase at a 2% annualized pace in the second quarter.
![GDP grew at a 2.4% pace in the second quarter, topping expectations despite recession calls](https://lemmy.ml/pictrs/image/7fa3e1a2-6c45-4fe2-8583-7857cf6d62c3.jpeg?format=webp&thumbnail=256)
Gross domestic product was expected to increase at a 2% annualized pace in the second quarter.
In the face of persistent calls for a recession, the economy showed surprising resilience despite a series of Federal Reserve interest rate increases that most Wall Street economists and even those at the central bank expect to cause a contraction.
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