The US economy is progressing well and Trump deserves some of the credit

The US economy is currently acting as an engine of international growth. As announced by the Department of Commerce of EE. UU On Friday, gross domestic product (GDP) rose 4.1% in the second quarter according to preliminary estimates, adjusted for inflation. In the first quarter, the rise was only 2.2%

Most economists expect that expansion will remain solid over the next few months, but doubt that the pace current situation can be maintained. President Donald Trump, meanwhile, said Friday in the White House garden that the numbers showed that the country had entered a new phase of growth after a decade of poor results.

This new dynamic unleashes its policy of tax reform [VIDEO] and of liberalization

Exports rise sharply

Indeed, the quarterly result is composed of a large number of factors whose further development remains uncertain. This is not only true for foreign trade, which has contributed exceptionally to the increase of more than one percentage point. The exports increased by 9.3% and reduced the trade deficit by more than $ 50,000 million to delight the president.

Growth and inflation in the United States since the financial crisis

But behind that there is a development that can not last. No less important, the export boom was characterized by a sharp increase in soybean exports, which is linked to the president's aggressive trade policy .

Buyers wanted to fill their warehouses before the entry into force of the high tariffs that the Chinese government had ordered to counter US tariffs on Chinese exports

But there is also a number of factors with greater retention. These include consumer spending, which accounts for about two-thirds of GDP. They increased 4.0%. Only spending on durable goods contributed 0.64 percentage points to the growth rate. The expenditures of companies also play an important role. Its growth rate rose from 11.5% in the first quarter to 7.3% in the second quarter, but remains very high. It is investment in buildings, equipment, computer products and software . On the contrary, the real estate segment, which had already declined during the first three months of the year, is developing badly. Another 1.1% dropped.

Government spending increased substantially in the United States. They increased 3.5% in the second quarter. Also contributed to the economic boom [VIDEO] tax cuts decided by Congress at the end of last year. According to the president, these should help increase the growth of EE. UU For more than 3% in the long run, but we do not know how long will be its impact .