On the morning of the 8th Beijing time, US President Trump stated during a dinner on Tuesday that the GDP growth rate for the next quarter could reach over 5%.
Trump also mentioned that he expects the capital returning to the United States to reach $2.5 trillion; he also stated that he will announce a plan next week to lower drug prices, which will significantly reduce the cost of medications.
Trump has repeatedly expressed his expectations for economic growth reports, breaking the tradition of previous presidents who avoided commenting on data before its release.
Last month, Trump predicted strong economic growth data before the GDP figures were released. He also cited a series of numbers: "In fact, someone predicted a growth rate of 5.3% today. I don't think that will happen. If it is above 4%, we will be very happy. If it is below 4%, but falls within 3.8%, 3.9%, or 3.7%, we will also be satisfied."
Trump also stated: "These numbers are incredible. If I used these numbers during my campaign, the fake news would say I was bragging."
Data shows that the US GDP grew by 4.1% in the second quarter, marking the fastest growth in four years, but it fell far below market expectations after being heavily promoted by the Trump administration.
