Trump predicts ‘terrific’ GDP numbers ahead of official release

Trump predicts ‘terrific’ GDP numbers ahead of official release

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President Donald Trump (WhiteHouse.gov)

WASHINGTON — President Donald Trump predicted Thursday that upcoming data on the gross domestic product will be “terrific,” a statement that comes one day before the numbers are formally released.

“You’re going to have very big numbers announced tomorrow,” Trump said during a speech at a newly reopened steel mill in Granite City, Illinois. “I don’t know what they are, but a lot of big predictions.”

Trump speculated that he had heard from some that the uptick could be as high as 5.3 percent, but noted that it was unlikely.

“If it has a 4 in front of it, we’re happy,” Trump said, adding that if it was in the higher range of 3 percent that it would be “okay.”

Trump’s optimism was shared earlier in the day by Larry Kudlow, the White House’s top economist. In an interview with Fox Business, Kudlow said the numbers would be “big.”

It is not the first time that Trump has gotten ahead of the official data.

Last month, Trump hinted that jobs numbers for May would be strong, details that are usually kept under wraps to prevent markets from being prematurely moved one way or the other.

The Commerce Department’s Bureau of Economic Analysis estimated last month that the GDP grew by 2 percent in the first quarter of 2018, a downward revision from 2.2 percent.

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