Alva Review-Courier -

Can big-spending US consumers and businesses sustain growth?

 


WASHINGTON (AP) — Americans spent with abandon this spring. Businesses invested in more buildings and equipment. And exports jumped. Combined, those factors drove economic growth in the April-June quarter to a 4.1 percent annual rate, the fastest pace in nearly four years.

A key question facing the economy is: Can its growth continue at such a pace?

Probably not. Some of the drivers of growth last quarter appeared to be one-time factors. Soybean exports jumped as farmers sought to beat impending tariffs overseas. And business spending was boosted by soaring investment in oil and gas drill...



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