us economy grew 3 in second quarter commerce dept
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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US economy grew 3% in second quarter: Commerce Dept

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Arab Today, arab today US economy grew 3% in second quarter: Commerce Dept

US economy grew 3% in second quarter: Commerce Dept
Washington - Arabs Today

The US economy grew at its fastest pace in more than two years in the second quarter, much faster than initially estimated, official data showed Wednesday.

Hitting a White House growth target for the first time in Donald Trump's presidency, Gross Domestic Product (GDP) increased 3.0 percent in the April-June period, the Commerce Department reported.

The figure was revised up a steep four tenths from the estimate published last month, due to higher personal spending and business investment.

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