July 27, 2018

U.S. economic growth jumped in the second quarter, a boost for President Trump and Republicans as they seek to make a strong economy a key part of their campaign message to voters heading into November’s midterm elections. But economists cautioned that the higher growth is probably a blip.

The economy expanded at an annualized rate of 4.1 percent from April to June, the fastest growth since the third quarter of 2014 and a sharp jump from the first three months of the year, when the economy grew at a tepid 2.2 percent rate, according to the Commerce Department.

Trump cheered the numbers Friday, holding an impromptu news conference outside the White House, touting the “amazing” growth from his tax and trade policies.

Read more:

https://www.washingtonpost.com/business/economy/the-economy-grew-at-a-41-percent-rate-in-the-second-quarter-the-highest-since-2014/2018/07/27/b2a174c2-9108-11e8-bcd5-9d911c784c38_story.html?utm_term=.832d6195146