GDP Growth Rate Higher than Expected

Sep 29, 2017

During the administration of Barack Obama the Growth Domestic Product (GDP) never got to 3% in any quarter much less above that. In only the second quarter under the presidency of Donald Trump the GDP exceeded expectations by growing to 3.1% .The growth is being credited to several factors, including robust consumer spending and a continued climb in employment.

The third quarter is not expected to be as strong due to the massive hurricane damage, but should rebound seriously in the fourth quarter when the rebuilding efforts in states like Texas and Florida are going strong.