(Washington) The growth of the gross domestic product (GDP) of the United States in the second quarter has been revised slightly downward, and stands at 2.1% at an annualized rate against an increase of 2.4% initially announced, according to the Commerce Department’s second estimate, released Wednesday.
This update is linked to lower private investments than initially estimated, while public expenditure was higher.
Simply comparing to the previous quarter, as other advanced economies do, growth is 0.5%, compared to the 0.6% initially reported.
Growth surprised with its strength in the second quarter, accelerating from 2.0% in the first quarter, when analysts saw it slowing or, at best, remaining stable.
In 2022, the growth of the American economy had slowed to 2.1%, after having experienced in 2021 the strongest growth since 1984 (5.9%), and in 2020 the largest decline in GDP since 1946 (-3 .5%) and two months of recession due to COVID-19.
