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The US economy grew 3% in the second quarter, in line with expectations

The US economy grew at an annual rate of 3% in the second quarter, in line with economists’ expectations, according to new data from the Commerce Department’s Bureau of Economic Analysis.

Economists polled by LSEG estimated an annual growth rate of 3% in the second quarter, after the second advance reading came in at 2.8% in July.

The report also revised first quarter GDP growth to 1.6%, from 1.4% in the previous reading. That comes after the economy grew by 3.4% in the fourth quarter of 2023.

This is a developing story, please check back for updates.



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