U.S. Second-Quarter Growth Revised to 3% in Momentum Boost
Reinhart Says 3% GDP Growth Is Not Sustainable
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U.S. second-quarter growth was revised upward to the fastest pace in two years on stronger household spending and a bigger gain in business investment, putting the economy on a stronger track, Commerce Department data showed Wednesday.
The revisions indicate greater momentum going into the second half of 2017, as well as showing that growth in GDP -- the value of all goods and services produced -- may be broadening beyond household spending.