The economy grew at a faster pace than expected in the first quarter and posted its best growth to start a year in four years.
“We’re knocking it out of the park,” President Donald Trump told reporters at the White House on Friday.
First-quarter GDP expanded by 3.2 percent in the first quarter, the Bureau of Economic Analysis said in its initial read of the economy for that period. Economists polled by Dow Jones expected an increase of 2.5 percent in the first quarter.
It was the first time since 2015 that first-quarter GDP topped 3 percent.