The U.S. economy under President Donald Trump exceeded expectations and grew at an annualized rate of three percent in the second quarter, according to Commerce Department data released on Wednesday.
The Commerce Department report found the American economy, as measured by Gross Domestic Product (GDP), made the gains from April through June. GDP is a measure of a basket of goods and serves to measure growth throughout the U.S. economy.
The three percent figure exceeds the Dow Jones estimate at 2.3 percent and reversed the 0.5 percent decline the first quarter of the year experienced.
Heather Long, a chief economist at Navy Federal Credit Union…
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