US economy grew a solid 2.2% in the second quarter, government says, upgrading previous estimate

The U.S. government announced that the nation's economy grew at a solid 2.2% annual pace from April through June of the second quarter, marking an upward revision of previous estimates. Washington officials reported that this economic growth was primarily driven by strong consumer spending and business investment.

Despite the solid performance in the second quarter, the gross domestic product—which measures the nation's total output of goods and services—showed a deceleration compared to the 2.5% growth pace recorded in the first quarter from January through March.