NPR News·3 min read·medium
The economy slowed a bit -- but Americans continued to spend
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Scott Horsley
✦AI Summary
The U.S. economy experienced a modest slowdown in growth during the second quarter, with GDP increasing by 1.5% compared to 2.1% in the first quarter, largely due to decreased government spending and increased imports. Despite this, consumer spending remained robust at 2.1%, though rising inflation is forcing Americans to dip into savings or borrow money.
The U.S. economy grew more slowly this spring than it did earlier in the year, but consumers continue to spend freely.
economybusinesspolitics
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