US Economy Surged In Second Quarter, Powered By Consumers
(CBSNEWS) – The U.S. economy sped up in the second quarter, expanding at 4.1 percent, the first time in four years it’s broken the 4 percent mark.
Strong consumer and government spending fueled the increase, as did a short-term jump in trade ahead of tariffs announced by the White House and U.S. trading partners. First-quarter growth was also revised to 2.2 percent, a slight increase from the previous estimate.
Economists were broadly expecting a strong growth figure, with some analy
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