US revised second-quarter GDP up 3.0% vs 2.7% rise expected
- The U.S. economy grew faster than initially thought in the second quarter, notching its quickest pace in more than two years.
- There are signs that the momentum was sustained at the start of the third quarter.
- Gross domestic product increased at a 3.0 percent annual rate in the April-June period, the Commerce Department said.
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