US slightly upgrades GDP estimate for last quarter to 6.6%

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WASHINGTON (AP) — The U.S. economy grew at a 6.6% annual rate last quarter, slightly faster than previously estimated, the government said Thursday in a report that pointed to a sustained consumer-led rebound from the pandemic recession. But worries are growing that the delta variant of the coronavirus is beginning to cause a slowdown. Thursday’s report from the Commerce Department estimated that the nation’s gross domestic product — its total output of goods and services — accelerated slightly in the April-June quarter from the 6.5% it had reported last month. The economy’s expansion last quarter followed a solid 6.3% annual growth rate in the January-March quarter.

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