The result is a healthy upward revision from the government's initial estimate of 2.6 percent growth in the second quarter. The growth rate in the January-March quarter was a lackluster 1.2 percent. This was the second of three estimates the government will provide for second quarter growth. Many economists had been forecasting growth in the current July-September quarter would be around 3 percent. For the entire year, Mark Zandi, chief economist at Moody's Analytics, is forecasting growth of 2.1 percent.

Source: ABC News August 30, 2017 12:33 UTC