The country is one of the fastest growing economies of the world
Consumer spending showed a decent gain but was down from Q1
The 20 eurozone countries saw modest growth in Q2
Consumers continue to spend despite rising borrowing costs
Record population growth pushes Canada past 40-million mark
Risks rising due to higher interest rates, commercial struggles, banking stress
The agency forecasts global growth of 2.1% this year, down from 3.1% in 2022
Despite the first-quarter slowdown, consumer spending reflected confidence
A large drop in imports was led by reductions in pharmaceuticals
Slowdown reflects impact of Federal Reserve's aggressive drive to tame inflation