WASHINGTON (MarketWatch)
The government cut its calculation of U.S. growth in
the second quarter to 1.3% from 1.7% in its third and final review, citing less
consumer spending and business investment than previously estimated
Consumer
spending rose 1.5% in the previous quarter instead of 1.7% as initially
forecast
And business investment, excluding residential housing, was revised
down to a 3.6% increase from 4.2%
The government also said corporate profits
climbed $21.8 billion in the second quarter, compared to a $53.0 billion decline
in the first quarter
The economy grew at a 2.0% pace in the first three months
of the year
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Billie, with academic training in Fundamental Mathematics and professional experience in Large Multinationals in the Information Technology sector, having held positions in high-level management positions, maintains that it is time to reduce Unproductive Public Expenditure and help the Private Sector in everything that is possible.
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Calendario económico en tiempo real proporcionado por Investing.com España.
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