U.S. Economic Growth Slows to 1.5% in Second Quarter

Why it matters locally: While the national economic slowdown to 1.5% growth affects all states, Georgia's diverse economy, including logistics, manufacturing, and growing tech sectors, will likely experience varied impacts on consumer confidence and investment as this trend continues.

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WASHINGTON – The U.S. economy grew at an annual rate of 1.5% during the second quarter, from April through June. This rate aligned with previous government estimates. Analysts observed that consumer spending maintained its strength throughout the quarter. Individuals continued to purchase goods and services, contributing to the economic activity recorded for the period.