ADVERTISEMENT
News » Money
Aug 28, 5:11 PM EDT

Obama promotes revised economic growth numbers, says 'reasons to feel good'

AP Photo
AP Photo/Evan Vucci
Politics Video

Buy AP Photo Reprints
Latest News
NATO seeks to ward off more Russian aggression; Obama flies to Estonia to reassure Baltics

Obama encourages West Africans to take care when handling living or dead infected with Ebola

For Obama, West's inability to stop Russian advances clouds reassurance message in the Baltics

Rattled by Ukraine crisis, tiny Estonia seeks powerful message from Obama

Obama gives Congress official notice he OK'd airstrikes against Islamic State militants

Multimedia
A district summary of the Beige Book
Measuring economic stress by county nationwide
Mall malaise: shoppers browse, but don't buy
Unemployment by the numbers
Family struggles with father's unemployment
Saying an affordable goodbye
Hard times hit small car dealer
Latest Economic News
US manufacturing expanded in August at fastest pace in 3 1/2 years as orders and production rose

IMF says Ukraine could need billions in additional aid if fighting persists

Brazil's GDP contracts and sends economy into a recession

Inflation falls to 0.3 percent in countries that use euro; pressure is on central bank to act

Japan economy in doldrums, as incomes and spending languish

Obama promotes revised economic growth numbers, says 'reasons to feel good'

US economy grew at brisk 4.2 percent rate in April-June quarter, faster than first estimated

Survey: Americans more anxious about economy now than immediately after Great Recession ended

German unemployment rate up slightly to 6.7 percent with 2.90 million jobless

Congressional analysts: Economy, hurt by poor 1st quarter, to grow by just 1.5 percent in 2014

Interactives
Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt
Interactive
Obama's 2011 State of the Union Address
Obama's 2010 State of the Union Address
Panorama of the State of the Union Address

WASHINGTON (AP) -- New evidence of economic growth is heartening and underscores that companies are investing and consumers are spending, President Barack Obama said Thursday.

"There are reasons to feel good about the direction we are heading," the president told reporters at the White House.

Obama said he still wanted to push Congress to take more action to move the economy along.

The government on Thursday said the U.S. economy grew at an annual rate of 4.2 percent in the April-June quarter. The figures represented a reversal from the first quarter of the year when the economy shrank at a 2.1 percent annual rate. The growth figure represented an upward revision from earlier estimates.

"Our economy actually grew at a stronger clip in the second quarter than we originally thought," Obama said during an appearance in which he also addressed the conflicts in Iraq, Syria and Ukraine.

The economic recovery has been a difficult issue for Obama because public perceptions have not matched improvements.

© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.

 
ADVERTISEMENT