2nd Quarter 2024 Gdp Growth. Compared to last year’s 2 nd quarter, domestic expenditure increased by 5.5%, of. Economy accelerated in the second quarter as consumers increased their spending, businesses invested more in equipment and stocked.
Real gross domestic product (gdp) in the us grew at an annualized rate of 3.0% in the second quarter of 2024, up from 2.8% in the initial estimate and 1.4% in the first quarter. The anticipated rise in gdp growth bodes well for an acceleration in productivity, which would slow the pace of increase in labor costs and ultimately price.