GDP Grows At 3.3% In Q2, Economy Expands At A Faster Clip Than Previously Estimated
Synopsis
The Bureau of Economic Analysis revised the inflation-adjusted GDP to 3.3% from a previous estimate of 3%, with net exports contributing to nearly 5 percentage points.
The United States’ gross domestic product (GDP) for the second quarter (Q2) came in at an annualized rate of 3.3%, driven by investments and a trade boost.
The Bureau of Economic Analysis revised the inflation-adjusted GDP to 3.3% from a previous estimate of 3%, with net exports contributing to nearly five percentage points, the highest on record, according to a Bloomberg report.
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