Economists project that the 4.1 percent figure will change, as GDP estimates are often revised once more data is collected.
Those numbers tend to trend upward, as the table below, from BEA, lays out.
Jared Bernstein, a senior fellow at the Center on Budget and Policy Priorities and former chief economist to Vice President Joe Biden, says that exports received a boost “from farmers who were selling their agricultural products to our trading partners ahead of the tariffs, and government spending that we put on the national credit card is producing growth as well.”
He added: “But the underlying trend closer to 2.5 percent.”
Josh Bivens, director of research at the Economic Policy Institute, concurred with Bernstein that the economic growth seen at this moment is not sustainable for the long haul, telling Newsweek:
Economic growth is determined by the labor force and productivity and no one thinks productivity is going to rise more than 1.5 or 2 percent and no one thinks the labor force can grow faster than 1 percent.
We’ve had six months of growth right around 3 percent. That has happened plenty of times before, and it’s settled back down.
To that, Bernstein said: “Back in 2014 there were a couple of quarters with 4.5 and 5 percent growth. Any quarterly GDP report can be an outlier, you have to average out the dips and pops over the long term to see if there’s a pattern of sustained growth.”