US government estimates economy grew last quarter at 2.1% rate

The Commerce Department issues its third and final estimate of how the US economy performed in the second quarter of 2023 (AP)

The US economy grew at a 2.1% annual pace from April through to the end of June, extending its sturdy performance in the face of higher interest rates, the government said, leaving its previous estimate unchanged.

The second-quarter expansion of America’s gross domestic product (GDP) – its total output of goods and services – marked a modest deceleration from the economy’s 2.2% annual growth from January through March.