The US economy surged “unexpectedly” in the first quarter of 2019 to 3.2% growth.
Economists predicted a 2.5% growth.
This won’t make many headlines…
The US economy was boosted by a SHRINKING trade gap.
Via the Wall Street Journal.
A factor that boosted growth was a shrinking trade gap. The pace of American exports continued to rise in the first quarter, while the rate of imports fell, as Americans cut back on purchases of foreign goods.”
Evidently, President Trump is winning the trade war.
Texas exports rise 3 times faster than the U.S. increase, keeping Texas #1 in America for exports. In fact, Texas represented nearly 20% of all U.S. exports in the January-February period. #txlege https://t.co/NXkx6I1aAp
— Greg Abbott (@GregAbbott_TX) April 25, 2019