The Truth About U.S. GDP Growth
Quarterly economic growth in the three months ended June 30 surged by 4.1%, the best quarterly growth rate since the third quarter of 2014.
"As the trade deals come in one by one, we're going to go a lot higher than these numbers," President Trump said Friday morning, shortly after the Commerce Department released the gross domestic product figures through June. "These numbers are very, very sustainable. This isn't a one-time shot."
The president's remarks triggered speculation about U.S. growth in the months ahead. Here are relevant facts complied by independent economist Fritz Meyer, whose research we license to share with you when facts are hard to discern from opinion.
- Two Good Economic Surprises
- October Surprise May Be The Economy
- Economic Signs Are Fine Amid The Distractions
- Poverty Rate Dropped Again In 2019; A Sign Of Progress
- Stocks Dropped Last Week But Data Confirmed Economic Recovery
- Amid A Mixed Week For Stocks, A Strong Recommendation
- Is A Stock Bubble Bursting?
- S&P 500 Breaks Record For A Second Week
- S&P 500 Breaks New Record; Small Business Picture Is Different
- As If Coronavirus Never Hit, Retail Recovers
- Confirming Recovery Is Under Way
- Despite Grim Headlines, Stocks Rose Sharply -- Why?
- The Paradigm Shift In Valuing Stocks
- Retail Sales And Housing Starts In June Reveal Recovery's Shape
- Keeping Perspective In An Unreal Environment
- Economic Fundamentals Recovering As Stocks Surged For the Week
- Stocks Swing Wildly As Economic Recovery Begins
- Dog Days Of Summer In The Economy
- V-Shaped But Full Recovery Is Long Off
- Covid-19 Causes A Good Surprise
- The Epidemic Sets The Economy Back About Two Years
- Is This A New Bull Market?
- The Pandemic And Stocks
- Despite Disastrous Jobs Report, Stocks Surged 1.6% Friday