US economy’s growth was weaker than expected in the second quarter

Eurozone economy grew 0.4% in second quarter despite Middle East energy shock

US economic growth slowed in the second quarter amid a widening in the trade deficit, but an acceleration in consumer spending and robust business investment in equipment related to the buildout of artificial intelligence infrastructure pointed to underlying strength.

Economists polled ​by Reuters had forecast GDP rising at a 2.1% pace.

The figure stood below the estimates of analysts surveyed by Reuters, who previewed the figure would stand at 2.1%.