The U.S. grew at a somewhat slower 2.1% annual pace in the second quarter, revised figures show, but in retrospect the economy still showed more underlying...
The numbers: The U.S. grew at a somewhat slower 2.1% annual pace in the second quarter, revised figures show, but in retrospect the economy still showed more underlying strength than expected.
The rise in gross domestic product in the spring —though now in the rearview mirror — is likely to give way to another surprisingly robust reading in the third quarter ending in September. GDP forecasts estimate growth of 2.5% or higher. A slowdown toward the end of the third quarter might even be underway, but most of the economy’s vital signs still look pretty good.
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