The rise is the fastest since 2014, according to reports. The Gross Domestic Product (GDP) spike is in line with estimates from some economists ahead…
The rise is the fastest since 2014, according to reports. The Gross Domestic Product (GDP) spike is in line with estimates from some economists ahead of the Commerce Department report, Business Insider reports.
Consumer spending outpaced expectations, growing four percent. Bloomberg reported, “net exports contributed 1.06 percentage point to the pace of growth, the most since 2013, partly on a surge in soybean shipments ahead of retaliatory tariffs.”
White House economic advisor Larry Kudlow predicted a big number on Thursday during a Fox Business interview, “You’re going to get a very good economic growth number tomorrow. Big.”
“Congressional Republicans and President Trump promised to change the economic course of the country,” House Ways and Means Chairman Kevin Brady said Friday in response to the GDP number. “Armed with a competitive tax code, bold reforms to regulations, and encouraging news this week on trade, our economy is booming – growing at a 4.1 percent pace this quarter.”
Michelle Moons is a White House Correspondent for Breitbart News — follow on Twitter @MichelleDiana and Facebook
