U.S. economic growth accelerated to an annual rate of 4.1% in the second
quarter, compared with a revised 2.2% in the first quarter, the
Commerce Department said Friday. This is the fastest rate of growth in
almost four years. The second quarter gain was close to the 4.2% rate
economists surveyed by MarketWatch had forecast. The acceleration of
real gross domestic product in the second quarter reflected a jump in
consumer and government spending. The trade sector boosted GDP but this
was offset by a downturn in inventory investment. Real final sales for
domestic purchasers, which excludes trade and inventories, rose 3.9% in
the second quarter after a 1.9% gain in the prior quarter.
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