Deficits Economy

U.S. Economy Expands 1.5% in Q2 Amid Rising Energy Prices and Trade Deficits

The U.S. economy grew 1.5% in the second quarter of 2024, led by strong personal consumption expenditures and business spending on equipment and intellectual property. However, significant trade deficits and inventory reductions dampened overall growth. Inflation accelerated sharply due to surging energy prices follow…