Thursday's estimate from the Commerce Department indicated that the gross domestic product — the economy's total output of goods and services — picked up from the 2 per cent growth rate in the January-March quarter
Last quarter's drop in the US gross domestic product — the broadest gauge of economic output — does not likely signal the start of a recession
Stronger exports and steady consumer spending, backed by a healthy job market, helped restore growth to the world's biggest economy
It was the first drop in gross domestic product — the broadest measure of economic output — since the second quarter of 2020, in the depths of the COVID-19 recession, and followed a strong 6.9 per cent expansion in the...
