Home » today » World » The US economy grew by 6.5 percent on an annual basis – E24 The US economy grew by 6.5 percent on an annual basis – E24 July 29, 2021 by world today news The US economy grew by 6.5 percent in the second quarter compared to the previous year, recent figures show. Growth is significantly weaker than expected. — The US economy rose 6.5 percent in the second quarter from the same time last year. The picture is from when President Joe Biden received his second dose of vaccine earlier this year. view more–byoutlineTOM BRENNER / Reuters– Published: Updated less than 50 minutes ago – Gross domestic product (GDP) in the US rose by 1.6 percent in the second quarter, and on an annual basis the rise is 6.5 percent, according to Bureau of Economic Analysis. In advance, annual growth was expected at 8.4 percent, according to the news agency Dow Jones. This is an initial estimate of growth, and a revised estimate will come on 26 August. In the first quarter, annual GDP growth was 6.3 per cent. “While the companies’ results look strong, there has been concern that the coronavirus will flourish again, and this is reflected in the development of the economy,” says Richard Flynn, director of the British part of financier Charles Schwab, according to the Wall Street Journal. . – Related posts:Cassis is rebuilding the EDAKurds fighting for autonomy declare ceasefire in TurkeyBarak Becher, Neta Lavi and the foreigners: Maccabi Haifa's plansTrump insulted Merkel - DER SPIEGELShare this:FacebookX Related Controversy for administering Janssen’s covid-19 vaccine to people regardless of age Suspect (14) of assault Frédérique arraigned on Friday | Inland Leave a Comment Cancel replyCommentName Email Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed. Search for: