GDP Growth: Better Than We Thought

Estimates for second quarter economic growth surpass previously announced rate—hitting 4.2 percent
Press ReleaseAugust 29, 2018

Washington, D.C. (August 29, 2018)—The economy is on fire and even more so than what was previously thought, says the Job Creators Network. According to newly revised estimates from the Commerce Department, GDP growth for the second quarter of 2018 is now being reported as 4.2 percent—slightly higher than the previously announced rate of 4.1 percent.

“Surpassing 4 percent GDP growth is a fantastic economic accomplishment for this administration, but having it rise further to 4.2 percent is an even greater win,” said Alfredo Ortiz, JCN President and CEO. “This pro-growth environment is largely a result of policies that have put America’s small business entrepreneurs first—allowing them to invest in themselves, their employees, and their communities.”