| | | | | | To view this email as a webpage, click here | | |  | | | | Wednesday July 31 2013 | | | | | | |
| | | US economy expands at 1.7% annualised pace in second quarter | | | The US economy grew at an annualised rate of 1.7 per cent in the second quarter of 2013, as robust consumption and investment offset the drag from public spending cuts and a slowing global economy.
The figure was well ahead of analyst expectations of around 1 per cent and some pessimistic forecasts it could be as low as 0.5 per cent growth. It suggests that the economy is weathering big cuts to public spending better than expected. | | | | |  | | | | | | | | | | | | | |
