U.S. economy expands at sluggish 1.5% pace in second quarter, but consumer spending stayed strong
The U.S. economy grew at a sluggish 1.5% pace from April through June. But consumer spending stayed strong.
The United States economy experienced a slow growth rate of 1.5% during the second quarter, from April to June. Despite this sluggish expansion, consumer spending remained robust. This indicates a mixed economic picture with a slowdown in overall growth but continued consumer confidence and activity.
- U.S. economy grew at a 1.5% pace between April and June.
- Consumer spending remained strong during the same period.
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