The US economy continued to roar under President Trump and the Republican-controlled Senate in the first quarter of 2019, with GDP growth rising to 3.2% and smashing leading analysts’ expectations.
“The U.S. economy grew at a faster pace than expected in the first quarter and posted its best growth to start a year in four years,” reports CNBC.
“First-quarter GDP expanded by 3.2%, the Bureau of Economic Analysis said Friday in its initial read of the economy for that period. Economists polled by Dow Jones expected growth of 2.5%. It was the first time since 2015 that first-quarter GDP topped 3%,” adds the report.
The strong data comes just days after the Nasdaq and S&P 500 reached new heights both historically and for same-day trading.
Read the full report here.