As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by FOXNEWS.COM:

The U.S. economy grew by 4.1 percent in the second quarter of 2018, marking the fastest economic expansion in nearly four years, according to a long-awaited official estimate released Friday by the Commerce Department.

The gross domestic product (GDP) numbers, considered an official economic scorecard for the country, will be touted by the Trump administration as a strong indication that its tax cuts, commitment to deregulation and tough trade policies have paid off. The GDP broadly reflects the goods and services produced in the country.

The article goes on to state the following:

The figures also offer a powerful midterm-season boost to congressional Republicans hitting the campaign trail during the summer recess. Democrats for months have downplayed and criticized the GOP-authored tax cuts as favoring the wealthy, but Republicans maintain that Americans have broadly benefited.

As reported by the Commerce Department’s Bureau of Economic Analysis, the growth from April to June was the largest since the economy’s 5.2 percent surge in the third quarter of 2014, which was the greatest economic expansion since the third quarter of 2003.

A Reuters survey of economists had predicted the April-June GDP increase at 4.1 percent, and the report met expectations. 

President Trump speculated in his speech in Illinois Thursday that the new GDP rate was going to be big!

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