The U.S. economy grew at the strongest rate in roughly four years in the second quarter of 2018, matching economists’ high growth expectations heading into Friday’s announcement.
Gross domestic product — the total value of all final goods and services in the U.S. economy — grew at a 4.1 percent rate in the second quarter, propelled by an increase in consumer spending, exports, federal and local government spending and business investment, according to the Bureau of Economic Analysis.
In reference to 2017 second quarter growth numbers, this year’s look stellar. Economic output grew just 2.8 percent in the second quarter of 2017.
Economists expected second quarter figures to hit levels as high as 5 percent, which would have been the highest second quarter growth rate since 2014. Preliminary numbers generally pegged growth close to Friday’s actual figures.
President Donald Trump promised the “best financial numbers on the planet” leading into Friday’s rollout…
View original post 130 more words