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US GDP Growth for Q2 Expanded by 4.2 pc


August, 30 2018
watermark Economic news

The American economy had increased its Q2 annual rate at 4.2 percent, according to the Commerce Department on Wednesday. The GDP growth figure for the second quarter came in higher by one-tenth of a percentage compared to earlier forecasts.


The report published by the  Commerce Department on Wednesday was periodic adjustments and the revisions were made since further data were issued. The growth numbers were supported by the decrease in imports, specifically petroleum products, and by some temporary factors. Such factor includes the boost of soybean exports which surge at a faster-than-usual momentum to overcome tariffs levied by China. The latest figures for the second quarter almost doubled the figures in the previous quarter.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.