Boosted By Resurgent Consumer Spending, Second Quarter Growth Revised Up To 3%

Boosted By Resurgent Consumer Spending, Second Quarter Growth Revised Up To 3%

The U.S. economy grew at a faster pace than previously thought this spring, boosted by a surge in consumer spending.

The Commerce Department said on Thursday that the U.S. economy grew at a three percent annual pace in the second quarter, an upward revision from the first estimate of 2.8 percent.

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