US economy growing at annual rate of 4.1%, fastest pace in four years

Growth is major boon for Trump administration after $1.5tn in tax cuts earlier this year but economists warn it may unsustainable

The US economy roared ahead in the second quarter of 2018, growing at an annual rate of 4.1%, its fastest pace in four years, the commerce department announced on Friday.

The growth will be a major boon for the Trump administration, which pushed through $1.5tn in tax cuts at the start of the year with a promise that they would be paid for by economic growth.

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from US news | The Guardian https://ift.tt/2JZSwbe