US Economy Grows by 2% in Second Quarter of 2019

US Economy Grows by 2% in Second Quarter of 2019

The U.S. economy grew at a 2.0% annualized rate in the second quarter of 2019.

In the second reading of the second quarter GDP, the US Commerce Department today revealed that gross domestic product rose at a 2.0% annualized rate, reversing the 2.1 percent drop reported last month.

The US economy, which is the largest in the world, grew by 3.1% in the first quarter and 2.6% in the first half of this year 2019.