UPDATED 11:05 AM PT – Friday, April 26, 2019
President Trump is praising the latest GDP numbers, which show the U.S. economy grew 3.2-percent in the first quarter. The numbers smashed analyst expectations of 2.5-percent growth. The Commerce Department released the figures Friday, marking the first time since 2015 first quarter GDP topped three-percent.
The strong economic numbers come amid January’s partial government shutdown, and the Trump administration’s ongoing trade negotiations with China.
President Trump took to Twitter to applaud the numbers, while also emphasizing low inflation.
Just out: Real GDP for First Quarter grew 3.2% at an annual rate. This is far above expectations or projections. Importantly, inflation VERY LOW. MAKE AMERICA GREAT AGAIN!
— Donald J. Trump (@realDonaldTrump)April 26, 2019
According to experts, higher exports and inventory investment helped offset slower demand in the consumer and business sectors.
President Trump has made strengthening the economy a forefront during his presidency, even making this statement in July of last year:
“During each of the two previous administrations, we averaged just over 1.8-percent GDP growth. By contrast, we are now on track to hit an average GDP annual growth of over three-percent, and it could be substantially over three-percent.”
The first quarter numbers are a win for the president, and Americans can expect him to continue touting the economic growth under his presidency as part of his 2020 reelection campaign.