Preliminary data from the Commerce Department is expected to show that United States gross domestic product grew at an annual rate of more than 4 percent in April through June. Some economists think growth may have topped 5 percent — a figure reached only once in the eight years of the Obama administration as the economy recovered from the recession. While he said he didn’t know the actual number, President Trump didn’t wait to herald the rosy news. Pretty much no one outside the White House thinks a growth rate of 4 percent is sustainable in the long term. Some economists think full-year growth in gross domestic product could hit 3 percent in 2018 for the first time since 2005.

Source: New York Times July 26, 2018 23:18 UTC