- The Washington Times - Friday, April 26, 2019

Responding to strong first-quarter economic growth, President Trump said Friday his administration hit another home run.

“We’re knocking it out of the park,” the president told reporters after the government announced growth of 3.2 percent. “The numbers are far higher than the high expectations.”

Economists had expected gross domestic product to increase by about 2.5 percent in the first three months.

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National Association of Manufacturers chief economist Chad Moutray said the U.S. performance showed “resilience” in the face of “slowing global growth, the partial government shutdown, trade policy uncertainties, [and] a strong U.S. dollar.”

“This was the strongest first quarter of growth since 2015,” he said. “The U.S. economy should now expand by around 2.7 percent in 2019 — an improvement from what I might have forecasted prior to this release.”

The president also noted that inflation is “very low” — 1.9 percent for the 12 months that ended in March.

“The economy is doing great. We’re number one in the world,” the president said.

Mr. Trump also claimed that gasoline prices are “coming down,” although a national survey by AAA says prices are still rising. The travel group said the average price per gallon in the U.S. Friday was $2.88, up from $2.84 a week ago and $2.65 a month ago.

“The gasoline prices are coming down,” Mr. Trump insisted. “I called up OPEC. I said, ‘You got to bring them down.’ And gasoline is coming down. We’re doing great.”

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