Friday, June 29, 2018

What's that you say about the great economic growth?

Economic growth in the first quarter was slower than initially reported, well below the Trump administration's expectations.

The economy expanded at an annual rate of 2 percent in the January to March quarter, down from the previous estimate of 2.2 percent, the Commerce Department reported in its third and final estimate on Thursday.

[...]

President Trump has been riding high on solid jobs numbers, arguing that his economic strategy of lower taxes and fewer regulations is driving better results.

But there is growing anxiety that Trump's tit-for-tat tariffs with key allies and China could risk any gains from the new tax law implemented earlier this year.

Economists are expecting stronger growth in the April to June quarter, with estimates around 4 percent.

  The Hill
So, the expectations were not met, but we're still expecting big numbers.

...but hey, do what you want...you will anyway.

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