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GDP grew at a 2.4% pace in the second quarter, topping expectations despite recession calls (www.cnbc.com)

submitted 1 year ago by [email protected] to c/[email protected]

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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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