Economy grew at 2.0% in second quarter, revised data show


bigstock Us Dollars On Background Of Us 258193594 us economy(Worthy News) – The U.S. economy grew at a 2.0% annualized rate in the second quarter of 2019, the Bureau of Economic Analysis reported Thursday in a second estimate of gross domestic product.

Thursday’s report revised the preliminary estimate of 2.1% growth released last month down by 0.1 percentage points. Forecasters expected GDP growth to be revised down to 2.0%.

The Trump administration has set a target for annual economic growth of 3%, and in the first quarter of 2019, real GDP increased 3.1%. [ Source: Washington Examiner (Read More…) ]

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