U.S. Economy Surges To A 4.1 Percent Growth Pace In 2nd Quarter

Analysts are eagerly awaiting Friday’s report on U.S. gross domestic product for signs that economic growth is picking up.

David J. Phillip / AP

Updated at 10:07 a.m. ET

The U.S. economy had a blockbuster second quarter, with growth surging to a 4.1 percent pace, the Commerce Department said Friday. That was nearly double the first quarter rate of 2.2 percent and the strongest pace in nearly four years.

President Trump has been steadfastly claiming that his policies will catapult the U.S. economy into a much higher rate of growth — 4 percent over the next few years.