Economics

Trump Predicts Data Will Show U.S. Economy in ‘Terrific’ Shape

Bloomberg survey points to 4.2% expansion in second quarter
Data to be released at 8:30 a.m. in Washington on Friday

Abby Joseph Cohen, advisory director at Goldman Sachs, discusses U.S. gross domestic product and how it’s measured.Source: Bloomberg

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By Greg Sullivan and Toluse Olorunnipa

July 27, 2018 at 7:33 AM UTC

Updated on

July 27, 2018 at 9:58 AM UTC

This article is for subscribers only.

President Donald Trump predicted data on Friday will show the U.S. economy is in “terrific” shape amid forecasts that growth topped 4 percent in the second quarter, the fastest since 2014.

Speaking at a steel mill in Granite City, Illinois, on Thursday, Trump doubted the expansion would reach the 5.3 percent some economists have penciled in, but said that “if it has a four in front of it, we’re happy.” He called recent economic figures “unthinkable.”