US economy grew at a brisk 4.1 percent rate last quarter
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July 27, 2018
WASHINGTON (AP) — The U.S. economy accelerated last quarter at an annual rate of 4.1 percent, the government estimated Friday, as consumers spent tax-cut money, businesses stepped up investment and exporters rushed to ship their goods ahead of retaliatory tariffs.
President Donald Trump said he was thrilled with what he called an "amazing" growth rate — the strongest quarterly figure since 2014 — and said it wasn't "a one-time shot." But most economists took issue with that forecast, saying the pace of growth in the April-June quarter won't likely last in the months ahead.
The Commerce Departm...
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