U.S. Economy at a Glance below with the official numbers.
Expect more fierce attacks on Pres Trump and his administration as the U.S. Economy surges ... how can this be from such a bombastic person?
Well, this president is keeping his campaign promises! Making America Great Again! Homes would not rise in price if people could not afford them. This is a good indicator of the U.S. economy.
U.S. economic growth figures are in and all we can say is cha-ching
The U.S. economy grew at the strongest rate in roughly four years in the second quarter of 2018, matching economists high growth expectations heading into Friday’s announcement.
Gross domestic product–the total value of all final goods and services in the U.S. economy–grew at a 4.1 percent rate in the second quarter, propelled by an increase in consumer spending, exports, federal and local government spending and business investment, according to the Bureau of Economic Analysis.
In reference to 2017 second quarter growth numbers, this year’s look stellar. Economic output grew just 2.8 percent in the second quarter of 2017.
Economists expected second quarter figures to hit levels as high as 5 percent, which would have been the highest second quarter growth rate since 2014. Preliminary numbers generally pegged growth close to Friday’s actual figures.
President Donald Trump promised the “best financial numbers on the planet” leading into Friday’s rollout, adding that it was great to have the U.S. “winning again.”
Perspective from the BEA Accounts
BEA produces some of the most closely watched economic statistics that influence decisions of government officials, business people, and individuals. These statistics provide a comprehensive, up-to-date picture of the U.S. economy. The data on this page are drawn from featured BEA economic accounts.
National Economic Accounts
- 2nd quarter 2018: 4.1 percent
- 1st quarter 2018: 2.2 percent