"This is because the growth we saw in the second quarter was powered by one-time factors that will not occur again.
Economists have collectively agreed that the coming quarters will see far slower growth for two central reasons.
The first argument that growth is unsustainable is the disproportionate amount of exports the U.S. had in the second quarter. Companies abroad were buying U.S. products as fast they could in an attempt to avoid being hit by retaliatory tariffs foreign nations imposed on America after President Trump slapped tariffs on foreign steel and aluminum, along with products from China.
President Trump has also threatened to impose more tariffs on more products imported into the U.S., leading to fears that a full-scale global trade war will pit America against nations around the world.
The increase in U.S. exports unquestionably raised the GDP in the second quarter – but because the increase was temporary, its benefits will not last.
In fact, the second quarter increase in exports is actually a red flag warning of trouble ahead. After purchasing so much from the U.S. in the second quarter, foreign nations will be importing less in the current quarter because they will be using up what they have already bought and stockpiled.
Another reason that our GDP growth is unsustainable is that the increase in consumer spending in the second quarter won’t last."
The same economists that said if Trump were elected it would send the stock market into an unrecoverable downward spiral?
The same economists that said if Trump were elected it would cause a recession larger than we've ever seen?
Oh, Fox news and their liberal bias.
Ryder Kelly
this
Jaxon Perry
this is supposed to be a remote chan board where people say just about anything
and you find shills constantly posting memes and shit in support of a US president that hasn't really done that much that's pushing any boundaries besides pardon a sherrif that was tough on immigration and a few ranchers
Call me crazy but my idea of fighting the deep state would probably cover more than refusing to take questions from Jim Acosta.
Ian Jones
yes, because negroes have some affirmative action bonus in administration goals
The growth has all been artificial, ever since Helicopter Ben conjured trillions of dollars out of thin air in 2009. So of course it's not sustainable, because it never really existed in the first place, except on paper.
Aiden Kelly
Okey dokey.
Jacob Powell
If You are Jew and others confirm, I will Smack You the Fuck down. If Not. South Africa is proof that 4 million can support 60 million.
Cameron Murphy
Obama Highest Quarterly GDP
5.1% Q2 2014 4.9% Q3 2014 4.7% Q4 2011
FOX: "US economy grows at fastest pace since 2014"
WHAT DOES THAT MEAN? IT WAS HIGHER IN 2014. WAS TRUMP PRESIDENT IN 2014? 9 OUT OF 10 TRUMP SUPPORTERS BELIEVE HE WAS.
the gullible right will believe anything trump says
Jacob Reed
Obama only reached 3+% GDP through excessive government stimulus spending and low interest rates; in other words, he cheated with the Fed and fiat and never actually got the economy recovering on its own, plus he only did so at the cost of giving the nation the majority of its debt today and an increased risk of default. Try again.
Charles Taylor
It's pitiable how much you guys are paid when you can't even come up with a proper response.
