Daily Archives: Fri, Jul 27th, 2018

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Trump hails growth as one-offs and consumers boost economy

Contrary to Trump’s assertions, the economy enjoyed periods of robust growth during the Obama administration. GDP growth recorded a 5.1 percent pace in the second quarter of 2014 and the economy experienced four quarters of output above a 4.0 percent rate. Economists also cautioned against putting much weight on the surge in second-quarter growth as one-off factors.

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