The US economy is surging

• Real gross domestic product, or real GDP, grew at an annualized rate of 2.4%.
• That advance estimate for the second quarter beat the 1.8% increase expected.
• The estimate is above the 2.0% annualized rate in the first quarter.

The US economy was seeing growth surge in the second quarter of 2023, according to new data out Thursday morning.

According to the Bureau of Economic Analysis, real gross domestic product, or real GDP, grew at an annualized rate of 2.4% in the second quarter of 2023. That beats the 1.8% forecast. This exceeds the 2.0% growth seen in the first quarter of the year and doesn’t follow the trend the US has been seeing of slowing economic growth.