The United States economy continued to expand into the 3rd quarter of 2019; with experts praising the “better than expected” GDP increase if 1.9%.
“U.S. gross domestic product — the broadest measure of the U.S. economy — grew faster than expected in the third quarter, but slowed slightly as business investment continued to decline,” reports CNBC.
“The Commerce Department said Wednesday that economic activity grew at an annualized rate of 1.9% in the third quarter, down slightly from the 2% pace in the second quarter. Economists polled by Dow Jones had expected the first look at third-quarter economic growth to come in at 1.6%,” adds the website.
President Trump hailed the strong economic data on social media Wednesday morning.
“The Greatest Economy in American History!” he tweeted.
The Greatest Economy in American History!
— Donald J. Trump (@realDonaldTrump) October 30, 2019
Read the full report at CNBC.