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U.S. economy grows at 4.1% annual rate in 2nd quarter

2018-07-28 1 Dailymotion

The United States economy soared in the second quarter, growing at its fastest pace in about four years.<br />The U.S. Department of Commerce announced Friday that the world's largest economy expanded at a 4-point-1 percent annual growth rate in the second quarter, its fastest rate since the third quarter of 2014.<br />This is a 2-point-8 percent jump from the same period last year, and nearly double the first quarter rate of 2-point-2 percent. <br />The economic boom was driven by a 4-percent jump in consumer spending and a 7-point-3 percent growth in business investment,... which analysts say was encouraged by the 1-point-5 trillion dollar tax cut at the start of the year. <br />

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