The U.S. economy grew at its fastest rate since 2014 during the second quarter of this year, surging to 4.1 percent annual GDP growth, The Associated Press reported Friday.
Increased consumer spending helped boost growth, reports Bloomberg, as did some trade activity that sought to get ahead of incoming retaliatory tariffs on products like soybeans. President Trump expressed satisfaction with the numbers, calling the growth "terrific" even though it didn't quite meet his sky-high expectations. During the third quarter of 2014, growth hit 4.9 percent. Economists forecasted between 3 and 5 percent GDP growth for this quarter, and found that consumer spending outpaced their projections, in part due to tax cuts.
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