U.S. Economy Grew At Slower Pace in Second Quarter—But Consumers Spent Even More
Second-quarter U.S. economic growth was revised down Wednesday as weak business spending more than offset stronger consumer spending. The government announced that gross domestic product (GDP) grew at an annual pace of 2.1% for the three months from April to June. Initial estimates put economic growth at 2.4% for the quarter. Even after the downward […]
