The United States economy rebounded heartily in the spring after a dismal winter, the Commerce Department reported on Wednesday, growing at an annual rate of 4 percent from April through June and surpassing economists' expectations. Economists, who had been hoping for a full reversal of the first quarter's decline, were cheered by the second quarter's numbers. The consensus forecast for GDP was 3 percent. The bigger-than-expected gain further cemented views that the decrease in America's overall output during the first quarter was most likely a fluke tied in large part to unusually stormy winter weather and other anomalies.
Comments
Post a Comment