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- Jun 27, 2011
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The U.S. economy grew at an upgraded annual rate of 3.1 percent in the spring, the fastest pace in more than two years. But growth is expected to slow sharply this quarter in the wake of a string of devastating hurricanes.
When President Donald Trump predicted that his policies would spur growth of 3 percent or more, a lot of economists didn't take him seriously.
CNBC reported in August that the goal now seems certainly within reach. "A revision to second-quarter gross domestic product showed a gain of 3 percent, the first period to reach that level since the first quarter of 2015."
"If we achieve sustained 3 percent growth, that means 12 million new jobs and $10 trillion of new economic activity. That's some number," Trump said during a speech in Missouri in late August promoting tax reform. "I happen to be one that thinks we can go much higher than 3 percent. There's no reason we shouldn't."
When President Donald Trump predicted that his policies would spur growth of 3 percent or more, a lot of economists didn't take him seriously.
CNBC reported in August that the goal now seems certainly within reach. "A revision to second-quarter gross domestic product showed a gain of 3 percent, the first period to reach that level since the first quarter of 2015."
"If we achieve sustained 3 percent growth, that means 12 million new jobs and $10 trillion of new economic activity. That's some number," Trump said during a speech in Missouri in late August promoting tax reform. "I happen to be one that thinks we can go much higher than 3 percent. There's no reason we shouldn't."