Second quarter GDP revised down to 2%, half the pace of a year ago

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  • Second quarter GDP revised down to 2%, half the pace of a year ago
    Second quarter GDP revised down to 2%, half the pace of a year ago

    Real GDP increased at an annual rate of 2% in the second quarter, compared with a gain of 3.1% in the first quarter, according to the second estimate from the Bureau of Economic Analysis. Today's number is based on more complete source data than was available for the advance numbers issued last month when GDP was estimated at 2.1%.

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