US economy grew 6.5% in second quarter: Govt

The US economy expanded 6.5 percent annualized in the second quarter, according to government data released Thursday, a far slower recovery from the Covid-19 pandemic than economists had expected.

The gain reported by the Commerce Department meant the world's largest economy surpassed its pre-pandemic size, climbing above its level in the fourth quarter of 2019 to $19.4 trillion.