Economy “Unexpectedly” Grew at 3.2% Clip in First Quarter Boosted by SHRINKING TRADE GAP

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.

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