Turkey's economy grew less than expected in the second quarter, expanding an annual 2.5% in the face of a year-long monetary tightening campaign, data showed on Monday, but the quarterly growth rate surprised analysts by remaining positive.

The U.S. economy grew last quarter at a healthy 3% annual pace, fueled by strong consumer spending and business investment, the government said in an upgrade of its initial assessment

India's economic growth decelerated to 6.7% in the April-June quarter, influenced by reduced government spending during national elections. Despite slower growth compared to forecasts, it surpassed China's 4.

Turkey's economy expanded by a less-than-expected 2.5% in the second quarter of the year, data showed on Monday, cooling in the face of a year-long monetary tightening drive. Second-quarter gross domestic product (GDP) grew 0.

The Commerce Department had previously estimated that the nation’s gross domestic product — the total output of goods and services — expanded at a 2.8 percent rate from April through June.

Turkey's economy expanded 2.5% in the second quarter of the year, below expectations, official data showed on Monday, with growth easing from the previous quarter as tight economic policies weighed. Second-quarter gross domestic product (GDP) grew 0.