Could Trump GDP Hit 5%?

President Donald J. Trump had good reason to celebrate 4.2% gross domestic product (GDP).

Strong GDP numbers are a good sign that the economy is growing and Trump’s promise to Make America Great Again is right on track.

President Donald Trump took a victory lap Friday after the release of a strong second-quarter GDP number, and early signs point to the celebration continuing in the third quarter.

The 4.1% second-quarter reading was the highest since 2014, as both the White House and GOP pointed to the growth as proof that Trump’s policies were boosting the US economy. The president also touted the number as proof the economy could achieve his promise of annual GDP growth over 4%, a claim of which almost all economists were skeptical .

While Friday’s release was substantial, many economists pointed to short-term factors that could fade in future quarters — like a huge boost in soybean exports ahead of Trump’s tariffs and fiscal stimulus from the federal budget.

But early indications from third-quarter economic data show that Trump may have reason to boast about the third quarter, too.

But could it get better?

Early reports indicated the next quarter’s GDP could hit 5%!

From Business Insider:

But early indications from third-quarter economic data show that Trump may have reason to boast about the third quarter, too.

The Atlanta Federal Reserve’s GDPNow measure, which uses available data to predict the current quarter’s GDP growth, stands at 5% as of Thursday — up slightly from an initial estimate of 4.7%.

The economy is looking up!

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