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US Economy Tops 4 Percent GDP Growth in Second Quarter

Wednesday, August 01, 2018

The Department of Commerce’s Bureau of Economic Analysis (BEA) released the second quarter Gross Domestic Product (GDP) numbers. The Bureau found that the real gross domestic product increased at an annual rate of 4.1 percent in the second quarter of 2018. 

U.S. Secretary of Commerce Wilbur Ross issued the following statement on the announcement: 

“Today’s release of the United States’ GDP growth of 4.1 percent for the second quarter shows that President Trump’s economic plan is working. President Trump is keeping his pledge to restore our economy. His vision is revitalizing communities across the country and letting American families keep more of their hard-earned dollars.”

In addition to the 4.1 percent growth, the first quarter’s growth was revised to 2.2 percent from 2 percent. 

To view the Gross Domestic Product: Second Quarter 2018 full release click HERE.

Source: U.S. Department of Commerce

Category: Economic Development

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