Another Win for Trumps Economy ThirdQuarter GDP Growth Highest

Trump Breaking News Network - Another Win for Trump’s Economy: Third-Quarter GDP Growth Highest in 3 Years. By Andrew Kerr. The U.S. economy grew at a faster rate in the third quarter than originally thought, as new data from the Commerce Department revealed Wednesday. Gross domestic product surged upwards 3.3 percent in the July through September period, up from the initial estimate of 3.0 percent. The quarterly growth topped economists’ forecast of 3.2 percent growth and is the fastest recorded in the past three years. The growth was due in large part to an increase in government investment, the Commerce Department said Wednesday. Increased spending by businesses for equipment also attributed to the growth, rising at a 10.4 percent pace. TRENDING: Senator Tries Defending Warren Against Trump’s ‘Slur’… Dana Loesch Takes Him to School with 1 Tweet Business merchandise yet to be sold, or private inventories, grew at an 0.8 percent annualized rate. Federal Reserve Chair Janet Yellen told lawmakers Wednesday the expansion is “increasingly broad based across sectors as well as across much of the global economy.” Yellen added that she expected “the economy will continue to expand.” The new data also revealed that the hurricanes that ravaged the coasts of Texas and Florida in August and September had little effect on the economy’s growth overall, but did have an impact on consumer spending, which accounts for over two-thirds of the U.S. economy. Economy growing! Excluding hurricane effects, CEA estimates that real GDP growth would have been 3.9% in Q3. Stock market at a new high, unemployment at a low. We are winning and TAX CUTS will shift our economy into high gear! RELATED: Alabama GOP Congressman Ignores Jeff Flake, Votes for Former Rival Roy Moore Trump attributed the economy’s growth to his policies. “I guess someone likes me (my policies),” he tweeted. Looks like another great day for the Stock Market. Consumer Confidence is at Record High. I guess somebody likes me (my policies)! Trump hopes his tax plan currently being pushed through Congress will lift GDP gains to three percent annually. Growth in consumer spending revised down to 2.3 percent growth in the third quarter from the initially reported 2.4 percent third-quarter pace and down from the 3.3 percent growth recorded in the second quarter. President Donald Trump celebrated the news on Twitter, suggesting the economy would have performed even better had it not been for the late summer hurricanes. “Stock market at a new high, unemployment at a low. We are winning and TAX CUTS will shift our economy into high gear!” Trump tweeted Wednesday. ----------------------------------------------------------- MAKE DONATIONS HERE http://trumpbreakingnewsnetwork.net/d... ----------------------------------------------------------- Article Source: https://www.westernjournal.com/us-thi... Please subscribe and share on your social media. Please visit our playlist: Obama News    • Obama   Clinton News    • The Clintons   Visit or web: http://trumpbreakingnewsnetwork.net/ Facebook:   / trump-breaking-news-network-1866322290266195   Trump Breaking News Network Espanol:    / channel   TRUMPTBNN    • Another Win for Trumps Economy ThirdQuarte...