US economy grows 2.2% in second quarter, driven by consumer spending and AI investment
Summary
The US economy expanded by 2.2% in the second quarter, according to government data, which revised an earlier estimate. This growth was supported by strong consumer spending and business investment. The expansion occurred despite challenges such as tensions with Iran and rising energy prices. The latest reports highlight the resilience of the economy during this period. Multiple outlets have confirmed the updated growth figure and its contributing factors.
Latest: The government confirmed the US economy grew 2.2% in the second quarter, revising an earlier estimate upward.
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How it unfolded
Wednesday 30 September
The government confirmed the US economy grew 2.2% in the second quarter, revising an earlier estimate upward.
- 14:00LA TimesConsumer spending and AI investment lifted U.S. growth to 2.2% in second quarter
- 09:52PBS NewsHourU.S. economy grew a solid 2.2% in the second quarter, government says, upgrading previous estimate
- 08:58ABC NewsUS economy grew 2.2% in the second quarter, govt says, upgrading previous estimate