Trump hails strong second quarter economic growth report

President Trump declared Friday that his economic policies were clearly triggering increased growth in the United States, celebrating release of new figures which showed the economy grew at an annual rate of 4.1 percent in the second quarter of 2018, up from a revised rate of 2.2 percent in the first quarter of the year.

"We've accomplished an economic turnaround of historic proportions," the President said, flanked by Vice President Mike Pence outside the White House.

"We're on track to hit the highest average overall growth rate in over thirteen years," Mr. Trump added.

ExploreGovernment figures released this morning showed an increase in consumer spending, exports, and increased spending by all levels of government.

"We're doing great," the President said.

On Capitol Hill, Republicans were also thrilled by the latest economic numbers.

"The second-quarter GDP growth of 4.1 percent clearly demonstrates that President Trump’s economic agenda is working," said Sen. David Perdue (R-GA), one of the President's biggest cheerleaders in the Senate.

"President Trump has delivered on his promises by working hand-in-hand with Republicans in Congress," said Rep. Dennis Ross (R-FL).

"The economy continues to prosper!" said Rep. Dan Webster (R-FL).

The 4.1 percent annualized rate of growth was the best performance by the economy since it grew 5.4% late in 2014. But the Obama Administration was never able to keep such growth going on a regular basis, one of the major arguments made for change by Republicans in the 2016 elections.

In Other News

Pelosi: Democrats ready to work with Trump on infrastructure

Trump warns Americans of a 'very painful' two weeks as virus spreads

Trump calls for massive infrastructure plan to help with virus recovery

Trump touts social distancing and testing advances to combat virus

New York Democrat says she may have contracted Coronavirus

About the Author

Jamie Dupree