Thu, 31 Jul 2014 05:31:13 GMT
US GDP higher than estimated
The gross domestic product in the US expanded by 4.0% in the second quarter. Increments in both business investment and consumer spending facilitated the increase which surpassed the 3% median forecast obtained in Bloomberg's survey of eighty economists, and also most of the other predictions which ranged from 1.9% to 5.2%.