
Retail Economist Sees Economy Expanding, But with Slower Momentum
The Bureau of Economic Analysis now estimates that gross domestic product grew at a 2.1% annual rate adjusted for inflation in the second quarter.
The Bureau of Economic Analysis now estimates that gross domestic product grew at a 2.1% annual rate adjusted for inflation in the second quarter.
U.S. economic growth unexpectedly picked up steam in the second quarter thanks to resilience among consumers and businesses in the face of high interest rates.
The survey found that organizations are prioritizing cost management and financial performance over other areas like talent and labor.
Over the next year, 61% of accountants believe the economy will be “much” or “somewhat worse” for small business clients.