Get ready for the hot takes.

When the Commerce Department releases second-quarter GDP data on Friday at 8:30 a.m. Eastern time, economists will be expecting a whale of a number. The MarketWatch-compiled economist consensus calls for 4.2% growth, which would represent the fastest growth rate since the 5.2% gain put on the scoreboard for the third quarter of 2014.

If second-quarter GDP growth tops 5.2% — not at all impossible, given the data that’ve come in — it would be the strongest number since the third quarter of 2003.

Of course, that was an era when the president of the United States did not take to Twitter to brag about economic data. Already, reporters and economists seem to be jockeying to frame the report:

So whether you’re bracing for or eagerly awaiting the report, here are some factors to consider:

• Yes, some artificial strength can result from a trade war. Boats raced, literally, to ship soybeans to China ahead of the 25% tariff the Chinese government said it would impose on key U.S. agricultural products. (Bloomberg has chronicled the story of one that didn’t make it in time.)

Exports, a drag on first-quarter growth, will provide what may be the biggest quarterly contribution in nine years. Morgan Stanley points out that soybean exports are up almost 9,400% on an annualized basis over the past three months. That’s not going to last.

There also will be a trade-war “boost” to inventories, in categories such as machinery, as a result of deadline racing. And some of that inventory boost is the really bad kind: unsold stockpiles.

Trade-war tracker:Here are the new levies, imposed and threatened

Morgan Stanley says net trade and inventories will boost GDP by 2.2 percentage points to the 4.7% growth level that the investment bank expects.

• All that said, consumption should be pretty good. The Atlanta Fed’s “nowcast” model calls for the American consumer to account for about half the economic growth, a welcome boost from the anemic 0.9% growth in the first quarter.

Over the preceding 10 quarters, U.S. consumption has averaged 2.6% growth, and economists expect the second-quarter figure to be above 2% as well — and possibly above 3%.

“A healthy labor market, rising disposable-income growth as a result of the tax cuts, and elevated consumer confidence collectively support a solid pace of consumption,” said Sam Bullard, a senior economist at Wells Fargo.

An increase in drilling rigs should help boost business investment. And government spending, which is tough to track in any event, may get a boost from the congressional boost to defense outlays.

Housing, by contrast, could be a drag, as new- and existing-home sales falter. High prices, 4%-plus mortgage rates and reduced tax incentives seem to be curbing demand.

Complicating the interpretations will be the once-every-five-years benchmark revisions that will simultaneously be released with the GDP report. Economists have long complained that first-quarter numbers experience something called residual seasonality (don’t ask), and if past growth numbers get upwardly revised then the base could be higher. That could make it look like there’s a “miss,” to use Wall Street parlance, when economic activity is just as good or even better than advertised.

So, get ready for a round of “yes, buts” and finger pointing, alongside some, “Won’t you ever give Trump at least some credit?”

The economy seems to be both benefiting (tax cuts, confidence) and hurting (trade) from White House policies.

The haters will be right. As will the haters of the haters. And, as always, we’ll need more data to confirm or disprove the hot number that is likely to arrive.

Related:GDP seen ballooning above 4%, but air might be already leaking out of economy