The US economy accelerated last quarter, with consumers and businesses increasing their spending despite the continual pressure of high interest rates Gross domestic product (GDP), a measure of all the goods and services produced in the US – rose at an annual rate of 2.8 percent for April through June to $22.9 trillion, according to Commerce Department figures released This was faster than the first quarter growth and well above the annual rate economists had predicted – in a powerful show of the resilience of the United States economy.
