Washington | The US economy grew in the second quarter at the fastest pace in nearly two years as the government revised up its previous estimate of consumer spending.
Inflation-adjusted gross domestic product, which measures the value of goods and services produced in the US, increased at a revised 3.8 per cent annualised pace, a Bureau of Economic Analysis report showed. That was stronger than the previously reported 3.3 per cent advance and followed an outright contraction in the first quarter.
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Bloomberg