Trump Lied About 3.2% GDP Growth
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US GDP growth rate chart of 2018 from an ECONOMICS website, not a political one like above.
https://tradingeconomics.com/united-states/gdp-growth
https://tradingeconomics.com/united-states/gdp-growth
God save us from Trump Hater propaganda.
Gross Domestic Product by Industry: First Quarter 2018
By: AJOT | Jul 20 2018
Real GDP growth slowed to 2.0 percent in the first quarter, from 2.9 percent in the fourth quarter. Wholesale trade was the leading contributor to the deceleration in real GDP growth in the first quarter. Real value added for the industry group increased 0.2 percent, after increasing 4.4 percent in the fourth quarter.
Durable goods manufacturing increased 3.2 percent, after increasing 7.2 percent, and was the second leading contributor to the slowdown.
Gross output by industry
Economy-wide, real gross output—principally a measure of an industry’s sales or receipts, which includes sales to final users in the economy (GDP) and sales to other industries (intermediate inputs)—increased 2.7 percent in the first quarter. This reflected an increase of 3.2 percent for the private goods-producing sector, 3.0 percent for the private services-producing sector, and 0.3 percent for the government sector. Overall, 13 of 22 industry groups contributed to the increase in real gross output.
Gross Domestic Product by Industry: First Quarter 2018
By: AJOT | Jul 20 2018
Real GDP growth slowed to 2.0 percent in the first quarter, from 2.9 percent in the fourth quarter. Wholesale trade was the leading contributor to the deceleration in real GDP growth in the first quarter. Real value added for the industry group increased 0.2 percent, after increasing 4.4 percent in the fourth quarter.
Durable goods manufacturing increased 3.2 percent, after increasing 7.2 percent, and was the second leading contributor to the slowdown.
Gross output by industry
Economy-wide, real gross output—principally a measure of an industry’s sales or receipts, which includes sales to final users in the economy (GDP) and sales to other industries (intermediate inputs)—increased 2.7 percent in the first quarter. This reflected an increase of 3.2 percent for the private goods-producing sector, 3.0 percent for the private services-producing sector, and 0.3 percent for the government sector. Overall, 13 of 22 industry groups contributed to the increase in real gross output.
But that is not what Trump said in his June 28 speech. See, nothing about any specific industry sectors:
"And watch those GDP numbers. We started off at a very low number, and right now we hit a 3.2. Nobody thought that was possible in four years, but I think it’s going to go a lot higher than that. So you watch those numbers. Each point is $3 trillion and 10 million jobs. Just remember that. Each point. And we already hit a 3.2. And I think we’re going to be seeing fours. And I think we’re going to be seeing fives too. And I think we’re going to go higher than that, but that may be in the second term. "
"And watch those GDP numbers. We started off at a very low number, and right now we hit a 3.2. Nobody thought that was possible in four years, but I think it’s going to go a lot higher than that. So you watch those numbers. Each point is $3 trillion and 10 million jobs. Just remember that. Each point. And we already hit a 3.2. And I think we’re going to be seeing fours. And I think we’re going to be seeing fives too. And I think we’re going to go higher than that, but that may be in the second term. "
Trump wasn't wrong. You realize that your article is weeks old? Things change in weeks when it comes to the economy and forecast marketing. Article below is dated the same date as the Trump quote in your July 2nd article.
GDP to Climb 2.9% This Year June 28
GDP to Climb 2.9% This Year June 28
