Some of this success may be Trump's doing, while much of it appears to be part of an overall economic trend which began just under 10 years ago under President Obama.
With the size of the American economy now surpassing US$20 trillion, GDP expanded by 4.1 per cent in the April-June quarter, making the United States the fastest-growing of advanced countries, according to a government report. "If we lower our taxes, remove destructive regulations, unleash the vast treasure of American energy and negotiate trade deals that put America first, then there is no limit to the number of jobs we can create and the amount of prosperity we can unleash". Few economists outside the administration agree with this claim. "If one controls for the impact of the one-time increase in government spending, temporary tax boost and exports, that robust topline growth rate is closer to 3 percent". That means some exports simply happened in the second quarter instead of the third, which means third-quarter exports will probably be lower.
More importantly, benchmark revisions to the history of the GDP data show that household income was far stronger than previously thought. "While Democrats are declaring their desire to take our country back to a time when Main Street businesses were pessimistic about the future, families paid higher taxes, and our global competitors all leaped ahead of us, Republicans are determined to build on this growth to continue strengthening our economy for workers and families".
For an economy that has suffered from anemic productivity growth for nearly a decade, a significant pop in business investment is not only a welcome sight in terms of boosting growth in the short term but is also just what the doctor ordered to hopefully boost productivity gains and in turn the trend pace of economic growth for years to come. Spending on structures advanced 13.3 percent following a 13.9 percent gain in the prior period, while equipment investment cooled to 3.9 percent and intellectual property spending slowed to 8.2 percent.
It wasn't all sunshine and roses: Residential investment fell for the fourth time in five quarters, meaning that people are putting less money into home construction.
Housing remained a weak spot in the economy amid signs that the sector is poised for its broadest slowdown in years. Trump has said he sees annual growth of 3 per cent or more as sustainable.
Trump's implementation of the tax overhaul and deregulation also boosted the number, he said. Both rates and stocks have cooled recently, but stocks have leveled off at a range that anticipates an economy that will grow significantly faster than it has.
GDP is the value of goods...
And that 4.1 percent growth is an "annualized" figure.
All this said, the Commerce Department's report offers some unambiguously good news.
A measure of domestic demand surged at a 4.3pc rate in the second quarter.
It's also more than double the 2 percent annualized growth reported in 2018's first quarter.
Israeli forces carried out the rescue on Saturday night following a request from the "US, Canada, and European Union countries". The ministry's spokesman Mohammed al-Kayed said the Syrians would remain in Jordan for three months.
HORSLEY: It sounds like sort of typical Trumpian hyperbole, but some analysts I've talked with say it's not without foundation. Another Republican senator - John Thune of South Dakota - said having the translator give testimony was "highly unlikely".
A view of the new Amazon logistic center with the company's logo in Dortmund, Germany November 14, 2017. The company added that many users have successfully completed orders at the start of Prime Day .
According to NASA scientists: "The exact color that the moon appears depends on the amount of dust and clouds in the atmosphere". The total eclipse will begin at 1 am (July 28) and soon the moon will appear to turn red, looking the darkest at 01.52 am.
Leading up to the new stricter privacy rules, Facebook notified users across Europe of pending changes to its privacy policies. Net income was $5.11 billion, or $1.74 a share, beating analysts' estimate of $1.71 a share.
In Maryland, more than 1,600 BGE customers were without power including 633 customers in Anne Arundel County. Meteorologists said an inch of rain fell within 15 minutes. "There may be a patch of sunshine", Lessor said.
Turkey and the United States engage in a war of words over Ankara's detention of an American pastor on terrorism charges . A court in western Izmir province said Brunson would be electronically monitored and barred from leaving his house.
Filmmaker Ali Abbas Zafar said he will announce the leading lady for his upcoming directorial Bharat soon. It was a little unprofessional of her to do it so suddenly, "mid-day quoted Nikhil Namit as saying".
Excerpts of the CNBC interview were released yesterday in which Trump criticized the Federal Reserve for raising interest rates. Trump added, referring to the Fed's rate increases: "The United States should not be penalized because we are doing so well".
Fellow Englishman Justin Rose failed to make a run on his front nine and dropped a shot at the fifth to slip to three under. Currently, there are 71 players at 1 over par or better (T50). "I felt I really had control of the ball".
He also appeared blindsided when he was told the White House is in discussions about inviting Putin to Washington in the fall. Top U.S. intelligence officials have said Moscow is targeting congressional elections in November as well.
Donald Trump will touch down in Helsinki today, ahead of tomorrow's meeting with Vladimir Putin at Finland's presidential palace. Trump was notified about the indictments earlier last week as he prepared for the July 16 summit between him and Putin.
The governor's four-day stay had been wrapping up Wednesday in Montenegro, where he met with business and political leaders. The only time Article 5 was ever invoked was by America after the September 11, 2001 terror attacks conducted by al-Qaeda.
The videos that led Facebook to impose the short posting ban are believed to be the same ones that led YouTube to act. When a page gets a certain number of strikes (Facebook did not provide a specific number), the page is unpublished.
While you have to wait for our full review of the Mi A2, we already have an unboxing video ready for the smartphone. The Xiaomi Mi A2 duo is first launching in Spain and then the company will follow its expansion plan.
I think maybe my mistake was talking about what we expected going forward from him, not necessarily about the trade", Ujiri added. If there was a miscommunication there I do apologize to DeMar, his family, and his representation. "It's not what I meant".
Mourinho told The Daily Mail in regard to the future of Martial: "I would like to be in Los Angeles now and I am in San Jose". United are expected to make a rival offer for the 29-year-old but "the lure of Barcelona is strong".
Rivals couldn't compete with these payments, making it hard for any other search engine to get their app pre-installed. Smartphone makers could still include Chrome and Google Search, but they wouldn't be bound to do so.
We'll be tracking these storms through the day here on NBC12! Fri: High: 96 Low: 78 Partly cloudy to mostly sunny. There could be a few quick afternoon pop-up showers on Monday , but nothing severe or long lasting.
A Reuters journalist asked Trump about a post on his Twitter account earlier in the day in which he blamed the breakdown in U.S. There were mixed reactions on Fox News Channel, whose commentators usually represent Trump's biggest supporters.