U S Economy Grew 3 2 In Third Quarter Up From Earlier Estimate The u.s. economy grew faster in the second quarter of 2024 than first reported, suggesting there was little sign of a slowdown through the first six months of the year. the latest reading of the. The u.s. economy grew at a 3% annual pace in the second quarter instead of the 2.8% rate originally estimated, revised government data released thursday show.
U S Economy Grew 3 In 2nd Quarter Fastest Pace In 2 Years The u.s. economy grew faster than initially thought in the second quarter amid strong consumer spending, while corporate profits rebounded, which should help to sustain the expansion. The second quarter growth marked a sharp acceleration from a sluggish 1.4 percent growth rate in the first three months of 2024. consumer spending, which accounts for about 70 percent of u.s. Economic growth quickens, rising at 2.8% rate in second quarter. household spending, the main driver of the u.s. economy, rose at a 2.3% rate in the second quarter. photo: spencer platt getty. Q1 2024 (3rd) 1.4%. real gross domestic product (gdp) increased at an annual rate of 3.0 percent in the second quarter of 2024, according to the "second" estimate. in the first quarter, real gdp increased 1.4 percent. the increase in the second quarter primarily reflected increases in consumer spending, private inventory investment, and.
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