GDP Jumped to 3.1% for Second Quarter

IMPROVEMENT

Published Sep. 28, 2017 10:33AM EDT

The U.S. economic output grew at an annual rate of 3.1 percent this spring, the highest growth since 2015, according to new Commerce Department figures for the second quarter. However, growth is expected to slow dramatically after the string of fierce hurricanes that slammed Florida, Texas, and Puerto Rico, with economists predicting that storm damage could cause Gross Domestic Product to fall by as much as 1.2 percentage points for the third quarter.

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GDP Jumped to 3.1% for Second Quarter