Success for President Trump as US economy soars with record growth – TheLiberal.ie – Our News, Your Views

Success for President Trump as US economy soars with record growth




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Image source: Time

In a major success for the Trump administration the U.S economy has recorded growth of 3.3% far better than most years of the previous administration for the year 2017.

The U.S economy has stunned forecasters in its exceptional performance in the first year of the Trump Presidency.

The U.S stock market has reached new, unprecedented heights with continued growth expected into the new year and retail sales surprising even optimistic forecasters with significant gains.

Unemployment in the U.S has dropped in the last 10 months to the lowest in decades at 4.1%, with joblessness decreasing amongst Blacks and Hispanics in particular.

Also, the average U.S household income has increased for the first time since 2007 with consumer confidence and small business owner sentiment continuing to spike.

CitiGroup’s Economic Surprise Index measures the actual economic performance against what commentators forecast. To score above zero is extremely positive. The U.S economy under Trump scored an amazing 40.

This astounding economic success under the Trump administration looks set to continue for the foreseeable future.

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