This is the latest I could find on the estimate of the GDP forecast for the second 1/4. per Rooters.
The U.S. economy is forecast to expand at a 4.1 percent annualized pace in the second quarter following the release of April figures on housing starts and industrial output, the Atlanta Federal Reserve’s GDP Now forecast model showed on Tuesday.
Domestic factory production increased 1.0 percent last month for its biggest monthly gain in over three years, but housing starts unexpectedly fell 2.6 percent, government data showed on Tuesday.
The latest second-quarter gross domestic product estimate was faster than the 3.6 percent reading calculated on May 12, the Atlanta Fed said on its website.
The latest estimate was still below the initial figure of 4.3 percent calculated by the Atlanta Fed model on May 1.
If this works out at over 4 per cent, how the hell can anyone say he hasnt done well? When, in the last 8 years, have we went above 4 per cent?
We need to grow like China is growing.
THAT is the competition. China is the competition.
We need to really grow. Not 1%. Not 4%. We need to grow over 5%, maybe more than that.
When we Americans go shopping in the USA, we need to see things on the shelves which are MADE IN AMERICA.
Trump seemed to get that, when he was campaigning. When he got into office, China opened up to his products, and also has been pretty good about North Korea.
I do not know, whether Trump will be as strong, as he once said, on China.
Not at all sure, yet.
That said, he is doing a great job.
Just not yet, on my two biggest issues...
The libs will say that the only reason the GDP is up is because Obongo did such a great job and it took some time for his great work to take effect. It is only by coincidence that it happened once Trump took over, and the improvement would have been even greater if Hillary had stolen the election.
We haven't. Highest BO hit was 2.6.
Only 2-term president to not have at least one year of 3 percent growth during his term. Ever.