The Truth About U.S. GDP Growth
Published Wednesday, December 31, 1969 at: 2:00 PM EST
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.
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