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USD Rallies as U.S. GDP Growth Surges in Q2 2024
NEWSJUL 25, 2024
USD Rallies as U.S. GDP Growth Surges in Q2 2024
The United States' Gross Domestic Product (GDP) grew at an annual rate of 2.8% in the second quarter, according to the US Bureau of Economic Analysis' initial estimate released on Thursday. This growth rate follows the 1.4% expansion seen in the first quarter and surpasses market expectations, which had predicted a 2% increase.