The U.S. economy rose at a lower than expected rate in the second quarter, the Commerce Department reported Thursday.
Gross domestic product, a measure of all goods and services produced during the April-to-June period, accelerated 6.5% on an annualized basis. That was slightly better than the 6.3% gain in the first quarter, which was revised down narrowly.
While that would have been strong prior to the pandemic, the gain was considerably less than the 8.4% Dow Jones estimate. For the full CNBC story, click here.
