Higher consumer spending and business investment has helped to boost the US economy in the second quarter which grew at a rate of 2.6 percent.
The rise in second-quarter GDP was in line with economists’ expectations. President Donald Trump has set an ambitious 3 percent
growth target for 2017.
Consumer spending, which makes up more than two-thirds of the US economy, accelerated from the 1.9 per cent growth figure in the first quarter accounting for most of the upsurge.