Economics
Second-Quarter U.S. Growth of 2.6% Underscores Resilience
U.S. 2Q GDP Rises 2.6%, 1Q Revised Lower to 1.2%
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Pickups in consumer and business-equipment spending powered a U.S. economic rebound in the second quarter, signaling the eight-year expansion is on track to be sustained, Commerce Department figures showed Friday in Washington.
The results confirm that the slowdown at the start of 2017 was temporary and show an economy growing in the first half at about a 1.9 percent rate, compared with the expansion’s 2.2 percent average pace through the end of 2016.