US economy grew 3% in second quarter: Commerce Dept
US economy grew 3% in second quarter: Commerce Dept
Washington - Arabs Today
The US economy grew at its fastest pace in more than two years in the second quarter, much faster than initially estimated, official data showed Wednesday.
Hitting a White House growth target for the first time in Donald Trump's presidency, Gross Domestic Product (GDP) increased 3.0 percent in the April-June period, the Commerce Department reported.
The figure was revised up a steep four tenths from the estimate published last month, due to higher personal spending and business investment.
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Dubai - Arab Today
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