The US economy also recorded its strongest economic growth since 2014, according to revised second quarter figures
The US economy recorded its strongest economic growth in nearly four years in the three months to the end of June, according to revised figures.
Gross domestic product increased at a 4.2% annualized rate, the commerce department said on Wednesday after revising its second-quarter calculations, establishing the quarter as the strongest in terms of growth since late 2014. Many economists had forecast a downward revision of growth to about 4%.
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