Economy

Second-quarter economic growth revised down to 1.1 percent

By Joseph Lawler
Published August 26, 2016 12:35pm ET
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Second-quarter economic growth revised down to 1.1 percent
The Bureau reported that gross domestic product was 1.1 percent at an annual rate, less than the 1.2 percent they had initially estimated. (AP Photo/Elise Amendola) | Elise Amendola

Economic growth in the second quarter was slower than initially thought, according to a report from the Bureau of Economic Analysis Friday.

The Bureau reported that gross domestic product was 1.1 percent at an annual rate, less than the 1.2 percent they had initially estimated with less data. Private-sector economists had expected a downward revision.

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