US Economic Growth Picks Up, Budget 2024 Prioritizes Politics

US economic growth is expected to pick up in the second quarter, while India's budget falls short of addressing economic challenges. New home sales drop slightly, and economists warn against further rate hikes in Australia. Stay informed about the latest economic developments and their implications on personal finances, investments, and global markets.

Sources:
https://www.aol.com/news/us-economic-growth-seen-picking-040446977.html
https://indianexpress.com/article/opinion/columns/budget-nda-bihar-andhra-pradesh-9473878/
https://mishtalk.com/economics/new-home-sales-drop-slightly-economists-expected-a-3-4-percent-rise/
https://www.theguardian.com/business/article/2024/jul/25/another-rate-rise-cannot-be-justified-and-would-put-australias-economy-at-risk-economists-warn

Outline:
(00:00:00) Introduction
(00:00:37) US economic growth seen picking up in second quarter, inflation subsiding
(00:03:19) Budget 2024: Prioritising politics over economics
(00:03:53) New Home Sales Drop Slightly, Economists Expected a 3.4 Percent Rise
(00:06:36) Another rate rise ‘cannot be justified’ and would put Australia’s economy at risk, economists warn