✉news BusinessEconomy first seen 1 d ago, last 5 h ago, peak #1
US economy grew 2.2% in second quarter, revised estimate shows
Original: US economy grew a solid 2.2% in the second quarter, government says, upgrading previous estimate
The US Commerce Department revised its estimate of second-quarter economic growth upward to an annualized 2.2%, an upgrade from the previously reported figure. The revision points to steadier consumer spending and business activity than first thought, offering reassurance about the resilience of the American economy despite high interest rates and ongoing concerns about inflation and the labour market.
Why now: Fresh government data revising US growth upward gives investors and households a clearer, more positive read on the economy's health.
United StatesCommerce DepartmentUS economy
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Evidence
- US economy grew a solid 2.2% in the second quarter, government says, upgrading previous estimate · AP News
- US economy grew a solid 2.2% in the second quarter, government says, upgrading previous estimate · mysanantonio.com
- US economy grew a solid 2.2% in the second quarter, government says, upgrading previous estimate · ABC News - Breaking News, Latest News and Videos
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