✉news BusinessEconomy first seen 1 d ago, last 11 h ago, peak #1
US economy grew 2.2% in spring, revised estimate shows
Original: US economy grew 2.2% this spring, more than initially estimated
The US economy expanded at a 2.2% annual rate this spring, a stronger pace than first estimated, according to revised government figures. The upward revision suggests consumer and business activity held up better than initially thought. Economists say the data points to continued resilience despite high interest rates, and markets and policymakers will watch whether the momentum carries into the second half of the year.
Why now: Fresh revised GDP data showed stronger growth than initially reported, drawing attention to the economy's resilience.
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