Technology Manias - EᐯEᖇYTᕼIᑎG YOᑌ ᑎEEᗪ IᑎᗪEEᗪ
The economy expanded by 6.5 percent in the second quarter of the year, a weaker-than-expected performance that underscores the forces dragging on growth as the U.S. struggles to recover from the crippling Covid-19 pandemic. While the figure reported by the government Thursday came in well below Wall Street forecasts of 8.5 percent or better, the nation’s gross domestic product has now regained all the ground lost during last year’s business shutdowns, giving President Joe Biden a big boost in his efforts to remake the economy. Still, the April-June expansion —…
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