✉news BusinessEconomy first seen 5 h ago, last 23 min ago, peak #2
US economy grew 2.2% in second quarter, revised estimate says
Original: U.S. 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 2.2% annualized, an improvement over the previously reported figure. The upgrade points to steadier consumer and business activity than first believed, offering reassurance about the economy's resilience amid ongoing concerns over inflation, interest rates, and the possibility of a downturn later this year.
Why now: Fresh government data revising growth upward gives a more upbeat picture of the US economy than previously thought.
United StatesUS Department of Commerce
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Evidence
- U.S. economy grew a solid 2.2% in the second quarter, government says, upgrading previous estimate · PBS
- U.S. economy grew a solid 2.2% in the second quarter, government says, upgrading previous estimate · PBS
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