WASHINGTON — After a bleak start to the year, the U.S. economy grew at a brisk annual rate of 4.2 percent in the April-June quarter, the government said Thursday, slightly faster than it had first estimated.
The upward revision supported expectations that the second half of 2014 will prove far stronger than the first half.
The Commerce Department’s second estimate of growth for last quarter followed its initial estimate of 4 percent. The upward revision reflected stronger business investment than first thought.
Read Friday’s Arkansas Democrat-Gazette for full details.