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Gross Domestic Product

Moody's Sees Long-Term Economic Benefit to Fuller Racial Integration

Kimberly Redmond | Equities.com |

Fuller racial integration across the US could have a positive impact on the nation’s long-term economic growth, according to a new study.

In an analysis released Wednesday by Moody’s Analytics, researchers estimated the US real gross domestic product growth (GDP) over the next decade would increase from 2.4% to 2.7% annually if more communities became as integrat...


GDP Grows at 6.5% Annual Rate in Second Quarter, Slower Than Expected

Reuters | Equities.com |

U.S. economic growth solidly in the second quarter as massive government aid and vaccinations against COVID-19 fueled spending on travel-related services.

Gross domestic product increased at a 6.5% annualized rate last quarter, the Commerce Department said on Thursday in its advance estimate of second-quarter GDP. The economy grew at a revised 6.3% rate in the first quarter


China Reports 7.9% Annual GDP Growth in Second Quarter

AP News | Equities.com |

China’s economic growth slowed to a still-strong 7.9% over a year earlier in the three months ending in June as a rebound from the coronavirus leveled off.

As expected, the growth reported Thursday fell from the previous quarter’s explosive 18.3%, which was magnified by comparison with early 2020, when the world’s second-largest economy closed factories, stores and offices to fight the coronavirus. China led a global recovery after the ruling Communist Party declared the disease under control last March and reopened most industries.


US Economy Grows at 6.4% Annual Rate in First Quarter of 2021

AP News | Equities.com |

The U.S. economy grew at a solid 6.4% rate in the first three months of the year, setting the stage for what economists believe may be the strongest year for the economy in about seven decades.

Growth in the gross domestic product, the country’s total output of goods and services, was unchanged from two previous estimates, the Commerce Department said Thursday, an acceleration from the 4.3% pace of the fourth quarter.


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