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July 27, 2018

ROARING: GDP Climbs Above 4 Percent Under Trump

The economy under President Trump is roaring and fresh GDP numbers prove it.

According to data released by the Commerce Department Friday morning, U.S. GDP has climbed to 4.1 percent, finally breaking through years of Obama administration stagnation.

“Real gross domestic product increased at an annual rate of 4.1 percent in the second quarter of 2018, according to the ‘advance’ estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 2.2 percent,” the Commerce Department released. “The increase in real GDP in the second quarter reflected positive contributions from personal consumption expenditures (PCE), exports, nonresidential fixed investment, federal government spending, and state and local government spending that were partly offset by negative contributions from private inventory investment and residential fixed investment. Imports, which are a subtraction in the calculation of GDP, increased.”

From Townhall.com

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