The economy grew at a 4.1% annual rate after inflation in the second quarter, the Commerce Department reported Friday, about what economists had predicted and evidently what financial markets had discounted.
Second quarter growth was the best in almost four years, at 4.1 percent, but market reaction was muted as the number missed some of the loftier 5 percent plus forecasts. What Mr. Trump doesn't say is China's Gross Domestic Product Growth is more than six percent, and India's is more than seven percent. The prospect of another 4 per cent-plus rate anytime soon seems remote. And it would nearly certainly mean a big boost in the standard of living for many Americans, with higher wages and better public services as the government raked in more tax dollars from a booming economy.
The tax cuts benefit ties positively back to President Trump, but the tariffs loom over this economic growth. "Once again, we are the economic envy of the entire world".
Consumers - buoyed by low unemployment, low borrowing costs and recent tax cut - ramped up their spending at a 4 per cent annual pace, contributing 2.69 percentage points to second-quarter growth in GDP (consumer spending accounts for about 70 per cent of the United States economy).
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Tony Fratto, a Treasury Department official in George W. Bush's administration, said that Trump's hinting at the strong jobs report was problematic because "you want market participants to get their data from their government in predictable, official ways, not haphazard ones". "I think the numbers are going to be outstanding".
In fact, the skepticism from economists has centred more on whether strong GDP growth would be sustainable after a few quarters. Excluding the tariffs-related bump, analysts estimate the economy probably grew at a 2.5 percent pace in the second quarter.
All the same, Friday's news is quite positive for the man who promised economic growth north of 4 percent - now he has to sustain that growth.
Exports are a particularly dramatic example. In his IL speech, Trump credited his tariffs with boosting the economy and helping the Granite City steel plant reopen, Fox reports. "Because of the slowing overseas and not a repeat of soybean export jump, exports should slow". And that gave the overall export numbers a big lift.
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It is also known that the animal is beginning to work with the police service for the fight against drugs as a puppy. The gang is offering the equivalent of £53,000 for anyone who kills her, according to police intelligence.
In July, the United States and China imposed tariffs on $34bn of the other country's goods. And the temporary boost in government spending will turn into a drag on the economy when that spending splurge winds down in 2019 and 2020.
On Thursday, Trump visited IL and Iowa to tout his stewardship of the world's largest economy to farmers and steelworkers - two groups that have supported him, but are feeling the bite of his policies.
Business investment grew at a solid 7.3% rate in the second quarter.
Private-sector economists predict growth will slow to 2.8 per cent in the third quarter, according to Bloomberg polling.
Another factor at play here is tax cuts. But, he says, that growth in spending will fizzle.
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In 1983, scores of people were killed by machete-armed mobs intent on hounding out Muslim immigrants. Addressing the media, Mamata said, "names of people were removed on the basis of surnames also".