U.S. Economy Grows 2.2% in Second Quarter as Government Revises GDP Higher
The U.S. economy expanded at a 2.2% annualized pace in the second quarter, a firmer reading than the governmentโs earlier estimate and a sign that demand remained more resilient than initially thought. The revision, driven largely by stronger consumer spending, reinforces the view that growth slowed but did not stall as inflation and higher interest rates continued to weigh on activity.
