US slightly revises up its GDP estimate for Q2 to 6.7%

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WASHINGTON (AP) — The U.S. economy expanded at a 6.7% annual pace from April through June, the Commerce Department said, slightly upgrading its estimate of last quarter’s growth in the face of a resurgence of COVID-19 in the form of the delta variant. The government’s estimate of growth in the second quarter — its last of three — was up from its previous estimate of a  6.6% annual pace. It will likely mark a high point for the economy’s expansion this year as the virus slows some activity, government support programs wind down and manufacturing supply-chain issues persist. 

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