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US economic growth slows in second quarter but domestic demand robust

South China Morning Post 30 July 2026 9h ago
US economic growth slows in second quarter but domestic demand robust
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US economic growth slowed in the second quarter amid a widening in the trade deficit, but an acceleration in consumer spending and robust business investment in equipment related to the buildout of artificial intelligence infrastructure pointed to underlying strength. Gross domestic product increased at a 1.5 per cent ‌annualised rate last quarter, the Commerce Department’s Bureau of Economic Anal
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