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Winning: GDP Growth Unrevised at a Strong 4.2% in Second Quarter

TOPSHOT - US President Donald Trump arrives on stage to speak at a rally at JQH Arena in Springfield, Missouri on September 21, 2018. (Photo by MANDEL NGAN / AFP) (Photo credit should read MANDEL NGAN/AFP/Getty Images)
MANDEL NGAN/AFP/Getty Images

The U.S. economy expanded at an annualized pace of 4.2 percent in the second quarter, the Commerce Department said Thursday.

That matched the agency’s estimate from a month ago. Economists had expected a slight upward revision to 4.3 percent.

The report confirmed that the economy grew at a robust pace in the April through June period. Economists expect the economy has continued to expand in the third quarter, although at a somewhat slower pace.

 

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