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Home | News | Top Stories | Second quarter growth revised upward to 3.3 percent (Reuters)

Second quarter growth revised upward to 3.3 percent (Reuters)

28 August, 2008 04:10:18 by team
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The U.S. economy expanded at a stronger-than-first-reported 3.3 percent annual rate in the second quarter, as consumer spending and net exports were more robust than initially estimated and inventories fell less sharply, a government report showed on Thursday. (Graphics/Reuters)Reuters - The U.S. economy grew at a solid 3.3 percent annual rate in the second quarter, much stronger than first thought, but many economists expect growth to flag as the year progresses.


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