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Q2 GDP growth revised upward to 4.2%

Posted by John Bergin on August 30, 2018

GDP growth in the second quarter has been revised upward by the Commerce Department to an annualized 4.2% from an initial estimate of 4.1%, after economists expected no change. Adjusted corporate profit before tax has climbed 7.7% during the past year, the largest 12-month increase in four years.

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