Trump Promise Kept: US Economic Growth Revised Up to 3 Percent in 2nd Quarter

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The U.S. economy rebounded sharply in the spring, growing at the fastest pace in more than two years amid brisk consumer spending on autos and other goods.

The result is a healthy upward revision from the government’s initial estimate of 2.6 percent growth in the second quarter. The growth rate in the January-March quarter was a lackluster 1.2 percent.

President Donald Trump hailed the latest figures, declaring “we are really on our way.” Trump said if the economy is able to sustain growth at a 3 percent rate, it would create 12 million new jobs and $10 trillion in new economic activity over the next decade.

During last year’s campaign, Trump pledged to boost economic growth to 4 percent or better. Read more at ABC News.

{Matzav.com}

 

 

 

 

 

 

 

 

 

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