October 22, 2021

OhoLiveTV

World News

Trump remarks on record quarterly GDP growth ahead of rallies

US President Donald Trump discussed the record-breaking quarterly performance of the US economy on the White House lawn before heading to three campaign appearances on Friday. Trump was speaking after the publication of record breaking growth in terms of GDP. “We’re going to Michigan, Wisconsin, and Minnesota. It’ll be a big day. I think we had one of our biggest days ever. It wasn’t reported like it should have been, but we had GDP up 31, 33.1 percent. That was the biggest increase in the history of our country,” stated Trump. The US economy recovered a large portion of the huge amount it lost due to the coronavirus pandemic and its ensuing lockdowns in the spring. According to the commerce department, GDP grew at an annualised and seasonally adjusted rate of 33.1 percent in the quarter. This was the fastest growth rate since the US government began to keep track of quarterly GDP data back in 1947. However, the figures come while the US is still recording over 50,000 new cases per day with over 234,000 deaths already, leading observers to warn that the pandemic numbers are worsening. (Ruptly.tv)