GDP expanded at 2% in 2Q, half the pace of 2018's Q2

Inflation-adjusted GDP increased at an annual rate of 2% in the second quarter, according to the third estimate from the Bureau of Economic Analysis. In the first quarter of the year, GDP grew at a 3.1% pace. Today’s Q2 GDP estimate is based on more complete data than was available for the advance numbers issued last month, when GDP was estimated at the same rate.