2Q GDP Growth Revised Lower

The Department of Commerce has revised second quarter gross domestic product (GDP) growth to 2.8%-- a downward revision from its original 3% estimate.

The revision underscores a slowdown in economic growth, especially when compared with the first quarter’s upwardly revised 4.5% growth.

For in-depth analysis on the second quarter GDP growth, see GDP Growth Slows.

For the latest economic roundup, see Economy Taking a Summer Breather.