Thu. 9:42 a.m.: US slightly revises up its GDP estimate for Q2 to 6.7 percent
WASHINGTON (AP) — The U.S. economy expanded at a 6.7 percent annual pace from April through June, the Commerce Department said this morning, slightly upgrading its estimate of last quarter's growth in the face of a resurgence of COVID-19 in the form of the delta variant. The government's estimate of growth in the second quarter — its last of three — was up from its previous estimate of a 6.6 percent annual pace that will likely mark a high point for the economy's expansion this year as the virus slows some activity, government support programs wind down and manufacturing ...