Trump’s America: US economic growth hits 3.2 percent in 2019

By Tim Pearce

The U.S. economy grew at an annualized rate of 3.2 percent in the first quarter of 2019, smashing experts’ expectations, according to Department of Commerce (DOC) data released Friday.

Economists predicted that the federal government shutdown and cold weather that slowed economic activity in parts of the country early in the year would drag down growth. Experts’ predicted that the economy would grow at a much slower rate of 2.3 percent from January to March, according to Bloomberg.

The U.S. economy grew at 2.2 percent growth in the final quarter of 2018, according to Commerce department data.

The 2019 growth is being driven largely by companies restocking inventories and a shrinking trade deficit with foreign countries. State and local governments’ spending also stimulated some growth, according to The Washington Post.

Typically, the first quarter of the year is the one with the weakest growth, though experts are predicting that to change in 2019, WaPo reports.

President Donald Trump has pledged to bring the U.S. economy to 3 percent growth rates or better. Over the course of 2018, the economy grew at an average pace of 2.9 percent, tying the highest growth rate of the Obama administration hit in 2015. The second quarter of 2018 saw growth over 4 percent, the highest quarter since 2014, according to DOC data.

The U.S. jobs market has continued to show strong growth. The March jobs report, released April 5, showed that the U.S. economy continued to add jobs for the 102nd straight month. The Unemployment rate held steady at 3.8 percent, which economists consider to be full employment.

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4 thoughts on “Trump’s America: US economic growth hits 3.2 percent in 2019

  1. Go Trump.. The better he does, the more the liberal/demons get upset. I hope they get so upset that they completely fall apart from anxiety attacks.

  2. Economy roaring, unemployment at historic lows, business moving BACK to the
    USA. What’s not to like about the Trump economy over the Stagnate Obola over
    regulation/over taxed economy. The leftist fake news units have been awfully
    quite about the difference between an incompetents econ and a business mans
    successful econ…kinda like they are rooting for failure for the US, and they wonder
    why we call them the ENEMY of the state.

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