US economic growth ‘disappoints’ as Covid surges

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The world’s largest economy grew by 6.5% in the second quarter but fell short of forecasts. …

The investment firm’s UK director, Richard Flynn, said second quarter growth was “disappointing”, adding: “Amid the rapid spread of the delta variant and a significant easing in both monetary and fiscal stimulus, investors may have begun to worry about a faster-than-expected economic slowdown.”

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