The Commerce Department revised its third and final estimate of GDP growth in the second quarter of the year from 6.6% to 6.7%, demonstrating that the US economy made significant strides in recovery from the historic slowdown caused by the coronavirus pandemic, the Associated Press reports.
The final estimate, which was increased from the initial estimate of 6.4%, parallels the first quarter estimate of 6.3% growth. The third quarter estimate, which is scheduled for release around October 29th, will reflect the impact the spreading delta variant of the coronavirus had on the economy.