( ) -v-35- WASHINGTON (Correspondent Jeremy House) “std.” The U.S. economy grew last quarter at a healthy 3% annual pace. Correspondent Jeremy House reports. [CutID: <Cuts> GDP-house-v-THUam.mp3 Time: 35s Title: GDP-house-v-THUam Out-cue: std] ————————- VERBATIM: The Commerce Department had previously estimated that the nation’s gross domestic product expanded at a 2.8% rate from April through […]
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Economic growth for Q2 is revised up to a solid 3% annual rate
( ) -v-35- WASHINGTON (Correspondent Jeremy House) “std.”
The U.S. economy grew last quarter at a healthy 3% annual pace. Correspondent Jeremy House reports.
[CutID: <Cuts> GDP-house-v-THUam.mp3
Time: 35s
Title: GDP-house-v-THUam
Out-cue: std]
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VERBATIM: The Commerce Department had previously estimated that the nation’s gross domestic product expanded at a 2.8% rate from April through June. Fueled by strong consumer spending and business investment, the second-quarter growth marked a sharp acceleration from a sluggish 1.4% growth rate in the first three months of 2024. Consumer spending, which accounts for about 70% of U.S. economic activity, rose at a 2.9% annual rate last quarter, up from 2.3% in the government’s initial estimate…JH, Washington