WEB DESK
US President Donald Trump has said the country’s growth rate is likely to touch five per cent as against the existing 3.2 per cent, on the back of an improved economy and job creation by new factories.
Trump, whose first four-year term ends in January 2021, forecast that the US growth rate may surpass the five per cent mark in his second term in the office.
He said his government created 3.4 million jobs since the election, including over 3 lakh in manufacturing sector.
The US president also said the unemployment rate for Hispanic and African Americans, Including women is at the lowest level in 65 years. Trump asserted that the leaders around the world are congratulating him for the American economic success.
“If you think we’ve made so much progress in the last year and a half, it’s put us in this position and we’re going up. Nobody’s ever seen anything like it. And watch those GDP numbers. We started off at a very low number, and right now we hit a 3.2, nobody thought that was possible in four years,” Trump told his supporters after the ground-breaking ceremony of Foxconn factory in Mount Pleasant, Wisconsin.
“But I think it’s going to go a lot higher than that, so you watch those numbers. Each point is USD 3 trillion and 10 million jobs, just remember that. We already hit a 3.2 and I think we’re going to be seeing 4’s and I think we’re going to be seeing 5’s, too,” he said.