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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