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US GDP grew 4.1% in the second quarter, according to the Commerce Department on Friday. This is the largest increase in almost four years and a significant increase from the 2.2% recorded in the first quarter of 2018.
Among the analysts, the opinion dominant is that in the coming quarters, the growth rate will be lower because the expansive effects on consumption of tax reduction will no longer be felt with such intensity, but they estimate that GDP will increase, at least , 3% in 2018. In any case, it will be difficult to maintain this level in the years to come given the aging of the population and the moderate increase in productivity.
The current growth cycle is one of the longest in history, but at much lower rates than in previous expansions.
Growth data ensures that the Federal Reserve will continue its gradualist strategy which, according to the market, will lead to an interest rate increase two more times before the end of the year.
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