ZCZC
BCN-51
US-ECONOMY-GROWTH-GDP
US economy grew 4.2% in second quarter, faster than first reported
WASHINGTON, Aug 29, 2018 (BSS/AFP) – The roaring growth recorded by the US
economy in the second quarter was even faster than first reported, with new
numbers showing a bigger boost in corporate spending, the government reported
Wednesday.
Gross Domestic Product advanced at an annual rate of 4.2 percent in the
April-to-June period, a tenth of a point faster than initial estimates showed
last month and still the fastest growth in almost four years, according to
the Commerce Department.
Economists had instead been expecting a slight downward revision.
BSS/AFP/SR/1845 HRS