Donald Trump stated that the U.S. economy grew by 3.4%, a new historical high, with equipment investment surging 21% and core inflation remaining low.
Donald Trump posted on Truth Social, stating that the U.S. economy is "booming" at a rate of 3.4%, with "significant increases" in consumer spending and business investment, and a "21% explosion" in new equipment investment. He added that factories and companies are building and expanding massively in the U.S. He also noted that core inflation remains low and the economy is outperforming the expectations of 72% of economists. Trump simultaneously warned that if the Democratic Party wins the midterm elections, they will "destroy everything," urging voters to cast their ballots for the Republican Party to sustain economic growth.
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