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US President Donald Trump said Friday that the country would experience an "extraordinarily good" third quarter, following a surprising 4.1% growth in the second quarterly bloc. Trade agreements will be consolidated one by one, we will reach even higher, "said Trump at the White House, where he said the country is" on track "to get a third growth" of even higher numbers. "
GDP growth between April and June of 4.1%, according to the first estimate of the Ministry of Commerce published this Friday, is the best performance since the last quarter of 2014.
Ministry also looked upward growth in the first quarter, to 2.2% instead of the previously reported 2%.
This second quarter performance is expected, in line with badysts' forecasts , either hosted by the Trump administration, which promised to accelerate sustainable growth through tax cuts, deregulation and global trade reform.
In a speech Thursday in Iowa (Midwest), Trump had anticipated the announcement: "There are predictions ranging from 3.8% to 5.3% (…) We will take everything that starts with a 4 … No one would say we could do it right! "
The expansion of the world's largest economy has been fueled by a dynamic consumption that has increased by 4%, also at its best figure since the end of 2014.
Reductions in sales Republicans' taxes at the end of 2017 seem to have finally led to household spending.The Americans bought more durable goods (+ 9.3%), including cars.
2.7 percentage points on growth, another key factor for the quarter was exports, which rose 9.3%, their highest level in five years.
The Commerce Department's report states "an acceleration of exports of food products, beverages, food for livestock and especially soybeans". Exports contributed 1.12 points to growth, its maximum contribution in five years
Source: AFP
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