US economic growth ramps up, growing 2.8% in latest quarter

Even as Joe Biden touts ‘strongest economy in the world’, nearly three in five Americans wrongly believe US is in recession

The pace of US economic growth accelerated in the last quarter, remaining unexpectedly resilient in the face of high interest rates and persistent inflation.

Gross domestic product (GDP) – a broad measure of economic health – rose 2.8% in three months to June, the commerce department reported on Thursday, ahead of economists’ expectations and up sharply from 1.4% in the first quarter.