Topline The U.S. economy grew faster than expected during 2023’s second quarter as it remains surprisingly resilient against an unfriendly macro backdrop and shakes off persistent predictions of a “looming” recession. The U.S. economy does not appear on the brink of a recession.AFP via Getty Images Key Facts Gross domestic product rose by 2.4% on an annual basis during the three-month period ending June 30, according to the Bureau of Economic Analysis’ first GDP estimate, released Thursday. That well exceeds consensus economic estimates that the economy would grow at the same 2% pace it did during the first quarter. Thursday’s report revealed signs of a labor market slowdown even as the economy notched its fourth consecutive quarter of growth, as the government reported a moderation… Click below to read the full story from Forbes
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