U.S. economy slows to a still better-than-expected 2.1 percent rate in 2nd quarter

The "economy."
(Image credit: Chris McGrath/Getty Images)

The U.S. economy grew at a 2.1 percent annual rate in the second quarter of 2019, slowing down from the previous quarter but not as much as had been expected, The Washington Post reports.

The Commerce Department on Friday reported the 2.1 percent figure, which Axios notes was a "significant slowdown" from the first quarter's 3.1 percent growth, but "still better than the 1.9 percent economists had expected." Bloomberg notes that consumer spending was strong and higher than estimated, rising 4.3 percent. Business investment, however, was weaker.

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Brendan Morrow

Brendan worked as a culture writer at The Week from 2018 to 2023, covering the entertainment industry, including film reviews, television recaps, awards season, the box office, major movie franchises and Hollywood gossip. He has written about film and television for outlets including Bloody Disgusting, Showbiz Cheat Sheet, Heavy and The Celebrity Cafe.