GDP, Unemployment, Inflation- EconMovies GDP 4.1%, Trump delivers 'tremendous' 4 months ago 06:30
GDP 4.1%, Trump delivers 'tremendous' GDP, Unemployment, Inflation- EconMovies 4 months ago 11:23
Experts in the mainstream media claimed such growth would most likely be impossible. But now the GDP is at its best pace since 2014, boosting hopes that the economy is ready to break out of its decade-long slumber.
"We're on track to hit the highest annual growth rate in over 13 years," President Donald Trump said in remarks an hour after the report hit. "And I will say this right now and I will say it strongly, as the deals come in one by one, we're going to go a lot higher than these numbers, and these are great numbers."
Trump and European Union officials stepped back from a trade war as they struck a deal to work towards “zero” tariffs, barriers and subsidies. The EU also agreed to buy billions of dollars worth of American exports, including soybeans and natural gas, and work to reform international trade rules. “So we had a big day, very big,” the US president said in the White House Rose Garden.
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