The Economy of the United States has grown at a breakneck pace during the quarter between July to September.
Reports from the Commerce Department over the last weekend reveal that the third quarter of the year was a really progressive one for the United State’s economy, and that considerable success was seen towards different aims.
The success in this quarter follows the success during the second quarter of 2018, which marks the best back to back quarterly performance since the last 4 years. Unemployment rates are at record lows for both minorities and majorities, and Donald Trump is doing all he possibly can to ensure that the economy remains on board. The GDP growth during the third quarter was marked at 3.5 percent, which is commendable considering the grand scheme of things.
Alank Oyedele from Business Insider reported on this issue and mentioned, “The US economy grew at a faster rate than expected in the July-September quarter, according to the Commerce Department’s advance report released on Friday.” He also mentioned that unemployment rates have reached a record low of 49 years, and the economy is progressing fairly well for the United States.
Berkeley Lovelace Jr. from CNBC, also reported on this good news, and mentioned how the efforts of Donald Trump had finally paid dividends. He also talked about the Medicare setup by Trump and mentioned, “President Donald Trump outlined a plan Thursday he said would allow Medicare to lower drug prices for its Part B coverage and end this ‘rigged system’ that allows other countries to pay less than the U.S. for the same drugs.”
The economy of United States is surely headed down the right path, and Donald Trump sits at the steering, controlling the flow of affairs forward.
His presence here is really important for future success.
Marie Bram started working for Spruce Tribune in 2017. Marie grew up in a small town in northern Manitoba. But moved to Ontario for university. Before joining Spruce Tribune, Marie briefly worked as a freelance journalist for CBC News. She covers politics and the economy.