US economy grew 2.5% in second quarter
WASHINGTON (AFP) - The US economy grew at an annual rate of 2.5 per cent in the second quarter, the Commerce Department said on Thursday, leaving its prior estimate unchanged.
Analysts had expected that second-quarter gross domestic product (GDP) expanded at a slightly stronger 2.6 per cent pace.
The world's largest economy grew 1.1 per cent in the first quarter.
"With the third estimate for the second quarter, the general picture of economic growth remains largely the same," the Commerce Department said.