The U.S. economy accelerated in the second quarter as the Commerce Department released its second revision of real gross domestic product (GDP) growth for the latest quarter.
The Bureau of Economic Analysis (BEA) on Thursday released its third and final estimate of second-quarter GDP, which showed the economy grew at an annualized rate of 3.8% in the April through June period.
That figure was hotter than the 3.3% estimate of economists polled by LSEG, and came in higher than the Commerce Department’s initial second-quarter GDP estimate of 3%.
The growth in the second quarter follows a GDP contraction of 0.5% in the first quarter, which leaves GDP growth in the first half of 2025 at an annualized rate of about 1.65%.
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