Arab Today, arab today us growth rate revised upward to 13
Last Updated : GMT 18:22:15
Arab Today, arab today
Arab Today, arab today

US growth rate revised upward to 1.3%

Arab Today, arab today

Arab Today, arab today US growth rate revised upward to 1.3%

Washington - AFP

The US economy grew at 1.3 percent in the second quarter, according to figures from the Commerce Department, a faster-than-expected clip. The rate was revised up from a previous estimate of 1.0 percent as investment, spending and exports all helped boost the growth rate. The increase represented a boost of $11.3 billion to gross domestic product over the previous estimate. The final figure was slightly more than non-government economists had predicted. The revision reflected \"an upward revision to personal consumption expenditures, a downward revision to imports, and an upward revision to exports.\"  

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