US economic growth last quarter is revised up to a 2% annual rate
World BusinessJun 29, 2023
The US economy grew at a 2 percent annual pace from January through March as consumers spent at the fastest pace in nearly two years, the government said Thursday in a sharp upgrade from its previous estimate. The government had previously estimated that the economy expanded at a 1.3 percent annual rate last quarter. The Commerce Department's third and final report on January-March economic growth pointed to surprising resilience but still marked a deceleration from the 2.6 percent annual r