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Economics

U.S. GDP Growth—Maybe, Possibly, Ask Again Later—Hits 4 Percent

The U.S. economy grew at a 4 percent annual rate in the second quarter, according to the government’s first stab at calculating the gross domestic product. That great number could very well be lowered—or possibly raised—before the final numbers are in.

Economists generally liked the report. “The trends from 2013 and this most recent data show that the economy is on sound footing and justify a solid forecast for the second half of 2014 of 3.0-3.5 percent growth,” Doug Handler, chief U.S. economist for IHS, wrote in a statement.