Trump's projection of growth in the economy being realized
CNBC:
Trump's forecast of 4% GDP growth close to coming true as Americans spend tax-bill proceedsRemember when Democrats were saying that three percent growth projections were unrealistic? Now that we are having some of the lowest unemployment rates in history they are saying that Trump's trade policies are killing jobs.
- Surging consumer spending is driving GDP well above prior estimates, and it is now tracking near 4 percent for the second quarter.
- That's almost double the pace of the first quarter.
- Economists say the consumer is seeing the impact of the tax cuts and is spending, as a result of more disposable income.
Comments
Post a Comment