AI Image
US economy grew 2.2% in Q2, Commerce Department report shows
Fox Business • • business
Key Points:
- The U.S. economy expanded at an annualized rate of 2.2% in the second quarter, according to the Commerce Department's final GDP estimate.
- This growth rate exceeded economists' expectations, which had forecasted a 1.5% increase for the period.
- The Bureau of Economic Analysis released the data covering the months of April, May, and June.
- The stronger-than-expected GDP growth indicates a more robust economic performance in Q2 than initially anticipated.
