✉news BusinessEconomy first seen 1 d ago, last 1 d ago, peak #17
US economy grew 2.2% in second quarter, revised up
Original: US economy grew 2.2 per cent in the second quarter, government says, upgrading previous estimate
The US government has revised its estimate of second-quarter economic growth upward to 2.2 per cent, an increase from the previously reported figure. The upgrade points to stronger-than-first-thought momentum in the world's largest economy, and is being closely watched for what it signals about consumer spending, business investment and the broader outlook as growth data continues to shape expectations for policy.
Why now: Fresh government data revising GDP growth upward is drawing attention as investors and the public track the strength of the US economy.
Evidence
- US economy grew 2.2 per cent in the second quarter, government says, upgrading previous estimate · Jamaica Gleaner
- US economy grew 2.2 per cent in the second quarter, government says, upgrading previous estimate · Jamaica Gleaner
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