US GDP Growth Revised Up to 2.2% in Second Quarter Amid Strong Consumer Spending

The United States economy demonstrated unexpected resilience during the second quarter, expanding at a revised annualized rate of 2.2%, according to updated figures released by the U.S. Commerce Department. The revised Gross Domestic Product (GDP) figure surpassed initial government estimates of 1.5% and beat Wall Street expectations. The economic acceleration was primarily propelled by robust consumer spending—which accounts for roughly two-thirds of U.S. economic activity—rising by 0.9%, its fastest quarterly pace in nearly two years. Additionally, business investments saw a major bump, driven largely by capital deployment in artificial intelligence infrastructure and enterprise tech modernization. While the second-quarter expansion fell slightly below the first quarter's 2.5% growth rate, economic analysts highlighted that high consumer demand and persistent corporate investment helped offset headwinds from rising fuel prices and persistent inflationary pressures. Despite the positive GDP revision, economists warn that momentum could moderate in upcoming quarters. With the Federal Reserve maintaining elevated interest rates and signaling potential future hikes to curb inflation, borrowing costs remain high for businesses and households. Meanwhile, consumer sentiment indicators have shown signs of softening, reflecting broader public concern over long-term borrowing costs and general economic stability.