✉news BusinessEconomy first seen 14 h ago, last 1 h ago, peak #1
US economy grew 2.2% in second quarter, revised up
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 up to an annual rate of 2.2%, an improvement on the previous figure. The upgrade points to continued resilience in the American economy, driven by consumer spending and business activity. Outlets including AP News, ABC News and regional papers are carrying the news widely, with analysts weighing what the stronger reading means for the outlook on inflation, interest rates and the broader economic picture.
Why now: Fresh official GDP data revising growth upward is timely news amid ongoing debate about the health of the US economy.
United StatesUS Commerce DepartmentUS economy
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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