U.S. GDP climbs 6.5% buoyed by consumers, businesses
The Hindu
Growth tempered by supply chain constraints on inventory
The U.S. economy grew solidly in the second quarter, but the pace was below expectations as robust consumer spending and business investment on equipment were tempered by a sharp inventory drawdown amid supply chain constraints. Gross domestic product rose at a 6.5% annualised rate last quarter, the Commerce Department said on Thursday. The economy grew at a 6.3% rate in the first quarter, revised down from the previously reported 6.4% pace.More Related News
According to BACL, the biophilic-inspired business park will offer smart workspaces within a vibrant public realm. The project’s most exceptional and breathtaking attribute lies in the Urban Forest, a lush oasis in the centre of the development. This green space will serve as a focal point, seamlessly blending indoor and outdoor spaces throughout the area. The upcoming metro station in Airport City will provide seamless connectivity to the business park from the northern side, ensuring convenient accessibility.