InvestorQ : Is the US economy growing at a faster pace in the June quarter?
Mary Joseph made post

Is the US economy growing at a faster pace in the June quarter?

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Arusha Ray answered.
3 months ago
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While the actual numbers of US GDP growth are still awaited, early estimates are that the growth could be 6.7%, 20 bps higher than the original estimate of 6.5%. This view is gathering ground after the strong growth in corporate profits for the June quarter. GDP had grown by just about 6.3% in the Mar-21 quarter. For the US, the good news is that absolute GDP will be 0.8% higher than at its peak level in Q4 of 2019, showing a decisive recovery.

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