US GDP grows 3% in Q2 2024: private inventory investment drives upward adjustment
In the second quarter of 2024, the US economy expanded at a 3% annualized rate, demonstrating its resiliency. This figure is consistent with the prior estimate and represents a significant rise above the revised growth rate of 1.
US economy grows 3% in Q2, driven by consumer spending and investment
The Commerce Department also revised previous GDP figures, reporting that from 2018 through 2023, growth averaged 2.3 percent annually, up from the previously reported 2.1 percent. In 2022, the economy grew by 2.9 percent, revised from an earlier estimate of 2.5 percent.
US GDP: Economy grows at 3% annualised pace in Q2 on consumer expenditure, private investment
The US economy grew at a 3% annual rate in Q2, driven by strong consumer spending and private investment, according to the BEA.
Economic growth, consumer spending rises 3% in second quarter
Gross domestic product rose at an annual rate of 3% in the second quarter of 2024, showing economic growth and increased consumer spending, according to a
Second quarter GDP locks in at 3 percent growth
U.S. gross domestic product (GDP) grew at an annualized rate of 3 percent in the second quarter, showing an impressive performance for the economy through an elevated interest rate environment set by the Federal Reserve.
GDP: US economy grows at 3% annualized pace in second quarter
The third estimate of second quarter GDP shows that the economy grew at a solid pace to start the first half of 2024.
Q2 GDP Third Estimate: Real GDP At 3.0%, In Line With Forecast
The U.S. economy grew at an expected pace during the second quarter of this year. Real gross domestic product increased at an ...
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Final estimate finds U.S. economy grew at solid 3% rate in Q2
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