How Fast Did The Economy Grow? Forecasts Are All Over The Place

Workers weld drawers on the assembly line at the Metal Box International toolbox factory in Franklin Park, Ill. Many analysts estimate that U.S. economic growth picked up in the second quarter.

Tim Aeppel / Reuters

President Trump is eager to tout a fast-growing economy, boosted by the tax cuts he pushed through Congress. That makes Friday morning’s report on gross domestic product a highly anticipated news event.

Did GDP growth top 4 percent in the second quarter — more than double the first-quarter pace — as many economists project?

Forecasts are all over the board, with estimates even among Federal Reserve economists diverging widely.