Trump’s Economic Boom: GDP Growth Hits 4.3% – Trump Celebrates
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Donald Trump’s policies are working.
GDP Growth in the 3rd quarter just hit 4.3%.
The U.S. economy grew at a blistering 4.3% annual pace in the third quarter, according to new government data released Tuesday.
That growth in U.S. GDP — the nation’s output of goods and services — far outpaced the forecast for 3% growth, according to economists polled by financial data firm FactSet. The third-quarter figure, released by the Commerce Department, reflects an uptick from the second quarter’s annualized growth of 3.8%.
An uptick in consumer spending and exports was the main driver of the GDP growth.
An acceleration in consumer spending, up 3.5% from 2.5% in the second quarter, and exports, up 8.8% from -1.8% in the second quarter, were the main contributors to the third-quarter GDP reading.
Though very backward-looking, given the release was delayed due to the government shutdown, the report likely means the Federal Reserve has less need to cut rates to support the economy when it reconvenes next month.
Donald Trump celebrated the news, saying, “The TARIFFS are responsible for the GREAT USA Economic Numbers JUST ANNOUNCED.”
The TARIFFS are responsible for the GREAT USA Economic Numbers JUST ANNOUNCED…AND THEY WILL ONLY GET BETTER! Also, NO INFLATION & GREAT NATIONAL SECURITY. Pray for the U.S. Supreme Court!!! President DJT
Q3 GDP came in at 4.3%, BLOWING PAST expectations of 3.2%. 60 of 61 Bloomberg Economists got it WRONG, but “TRUMP,” and some other Geniuses, got it right. The SUCCESS is due to Good Government, and TARIFFS. Consumer spending is STRONG, Net Exports are WAY UP, Imports and Trade Deficits are WAY DOWN, and there is NO INFLATION! Because of my Tax Bill (THE GREAT BIG BEAUTIFUL BILL) and TARIFFS, INVESTMENT IS SETTING RECORDS. The Trump Economic Golden Age is FULL steam ahead — “You haven’t seen anything yet!” Thank you for your attention to this matter. MAKE AMERICA GREAT AGAIN!
DONALD J. TRUMP
PRESIDENT OF THE UNITED STATES OF AMERICA
Trump was right, the experts were wrong.
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