Comment on Hopes high for strong day on Wall Street after US GDP growth revised up

Hopes high for strong day on Wall Street after US GDP growth revised up

Economy grew at a 3.7% rate in second quarter to beat forecasts and raise expectations for another bounce-back after days of market turmoilThe US economy picked up pace in the second quarter and beat economists’ estimates as businesses ramped up investment, helping fuel a second-day bounce-back for Wall Street’s battered financial markets.Gross domestic product (GDP), the broadest measure of goods and services produced across the economy, expanded at a 3.7% seasonally adjusted annual rate in the second quarter of 2015, the Commerce Department said on Thursday, up from the initial estimate of 2.3% growth.

 

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