Global Stocks have rebounded after a rocky December in the light of incredible US economic success.
Stock Markets across the world had a difficult December as they routinely plunged and then regained looses but fears of a collapse have been staved off due to outstanding economic growth in the US.
The US announcing the economy added 312,000 jobs in the month of December alone and that manufacturing growth was an astoundingly 714% faster under President Trump than under President Obama for a similar time period.
Forbes reports that President Trump’s confrontation with the US Federal Reserve has forced it to hold back its plans to increase interest rates which would have stifled economic growth.
President Trump’s economic success has dwarfed that of President Obama. Under Obama US government jobs grew at six times the rate of manufacturing jobs however, under President Trump manufacturing jobs are growing at five times the rate of government jobs.
This is indicative of a booming economy and was something that President Trump had promised during his campaign.
In 2018 the US economy grew at over 4%, unemployment reached a record low and America retook the position of the world’s most competitive economy.