The economy of the United States experienced its most rapid rate of growth in almost four years in the April-June quarter, driven by bigger consumer spending and hurried transportation of soybeans to China by agro-industry to overtake response tariffs before their start in July.
The country’s GDP moved upward at an annualized rate of 4.1% thanks to boosted government spending, according to today’s preliminary data on the second quarter from the Commerce Department.
This becomes the peak reading since the July-September quarter of 2014.