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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

US GDP Growth for Q2 Expanded by 4.2 pc

August, 30 2018
watermark Economic news

The American economy had increased its Q2 annual rate at 4.2 percent, according to the Commerce Department on Wednesday. The GDP growth figure for the second quarter came in higher by one-tenth of a percentage compared to earlier forecasts.


The report published by the  Commerce Department on Wednesday was periodic adjustments and the revisions were made since further data were issued. The growth numbers were supported by the decrease in imports, specifically petroleum products, and by some temporary factors. Such factor includes the boost of soybean exports which surge at a faster-than-usual momentum to overcome tariffs levied by China. The latest figures for the second quarter almost doubled the figures in the previous quarter.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.