US economy grew at 3% last quarter, says government in final estimate

WASHINGTON, D.C.: The U.S. economy grew at a robust three percent annual rate in the second quarter of 2024, driven by solid consumer spending and strong business investment, according to the Commerce Department's final estimate.

This marked a significant jump from the 1.6 percent growth in the first quarter, reflecting the economy's continued resilience.

Consumer spending, which powers the majority of e