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Benzinga
Benzinga
Business
Piero Cingari

US Economy Roars Back With 3% Growth, Handing Trump A Timely Victory

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After the sharpest quarterly contraction in three years, the U.S. economy roared back robustly in the second quarter, with gross domestic product rebounding well above expectations—offering President Donald Trump a timely economic victory to celebrate.

The U.S. gross domestic product expanded at a 3% annualized pace in the second quarter, after a 0.5% contraction in the previous quarter, according to advance estimates released Thursday by the Bureau of Economic Analysis.

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