The U.S. economy grew sharply in the second quarter amid the reopening economy and increasing COVID-19 vaccinations but the surge was less robust than expected and likely represented a high-water mark in a historically strong year.
The nation’s gross domestic product, the value of all goods and services produced in the U.S., increased at a seasonally adjusted annual rate of 6.5% in the April-June period, the Commerce Department said Thursday. Economists surveyed by Bloomberg had forecast an 8.5% rise in GDP.
