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OAN Press Room
UPDATED 11:05 AM – Friday, April 26, 2019
President Trump is praising the latest GDP figures, which show that the US economy grew 3.2% in the first quarter. The numbers broke analysts' expectations for growth of 2.5%. The Commerce Department released figures Friday, the first time since 2015 that first quarter GDP exceeded three percent.
Positive economic figures are related to the partial closure of the government in January and ongoing trade negotiations between the Trump administration and China.
President Trump went on Twitter to applaud the numbers, while highlighting the low inflation rate.
Barely out: real GDP in the first quarter grew by 3.2% year-on-year. This is well above expectations or projections. Importantly, inflation is VERY LOW. MAKE A GREAT AMERICA!
– Donald J. Trump (@realDonaldTrump) April 26, 2019
According to experts, the rise in exports and investment in stocks offset the slowdown in demand in the consumer and business sectors.
President Trump has made strengthening the economy a prominent place during his presidency, even making this statement in July of last year:
"In each of the two previous administrations, we saw GDP growth slightly above 1.8%. On the other hand, we are now on the verge of achieving average annual growth of more than three per cent of GDP, which could be significantly above three per cent. "
The first-quarter numbers are a victory for the president, and Americans can expect him to continue boasting about economic growth under his presidency as part of his re-election campaign in 2020.
President Donald Trump speaks at the Leadership Forum of the Institute for Legislative Action organized by the National Rifle Association at Lucas Oil Stadium in Indianapolis on Friday, April 26, 2019. (AP Photo / Michael Conroy)
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