That second-quarter slowdown wasn't quite so abrupt, the Commerce Department said Thursday, revising the GDP to a 1.8 percent annual rate. That's still the slowest quarterly growth in three years, but is up from an earlier estimate of 1.6 percent and slightly ahead of Wall Street economists' forecast for a revised 1.7 percent rate of expansion.
Econ: By the Numbers
That second-quarter slowdown wasn't quite so abrupt, the Commerce Department said Thursday, revising the GDP to a 1.8 percent annual rate. That's still the slowest quarterly growth in three years, but is up from an earlier estimate of 1.6 percent and slightly ahead of Wall Street economists' forecast for a revised 1.7 percent rate of expansion.