GDP Climbs A Record 33 Percent
President Trump was in a celebratory mood at Thursday’s Tampa rally after learning the third-quarter GDP climbed a record 33.1 percent, largest in the history of our country. The number is just a first estimate, according to Fox Business News, and could be revised up or down.
The increase bodes well for an improving economy and proves that the Trump Administration’s policies in place are working. Director of the U.S. Economic Council Larry Kudlow says inventories are being rebuilt this quarter and the momentum is moving into the fourth quarter and 2021. “This is not a one-time impact,” he says. “It’s a strong, strong recovery. The V-shaped concept that I coined a while back, looking pretty good right now.” Here’s more with Fox Business.
