GDP: US economy grows at 3% annualized pace in second quarter Source: Yahoo Finance
The US economy grew at a 3% annualized pace in the second quarter, a faster rate than Wall Street had expected.
The Bureau of Economic Analysis's third estimate of second quarter US gross domestic product (GDP) was unchanged from the second estimate which had shown 3% annualized growth. Economists had estimated the reading to show annualized growth of 2.9%. The third estimate for second quarter GDP confirms that economic growth was higher than the 1.4% annualized growth seen in the first quarter.
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