U.S. GDP Second Quarter Growth Revised Up to 3 Percent
August 30, 2017
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The Bureau of Economic Analysis has revised the second quarter GDP growth to reflect 3%, up from the 2.6% growth initially released. This gives the U.S. its strongest quarter since 2015. From The Wall Street Journal:
Growth in the second quarter was “above the trend for the expansion” but came “after a below-trend pace” in the first quarter, said Jim O’Sullivan, chief U.S. economist at High Frequency Economics, in a note to clients. “The trend is probably still not much more than 2%,” he said.