US economy expands 3% in 2nd quarter
Figure revised up from initial reading of 2.8%
By Ovunc Kutlu
ISTANBUL (AA) - The US economy expanded 3% in the second quarter of 2024, according to the Commerce Department's second reading released Thursday.
The figure was revised up from the initial reading of 2.8% made last month.
The American economy expanded 1.4% in the first quarter of 2024.
The current dollar GDP increased 5.5% at an annual rate, or $383.2 billion, in the second quarter to reach $28.65 trillion, the Commerce Department said in a statement.
The figure is an upward revision of $23.2 billion from the previous estimate made last month.
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