All of a sudden, President Donald Trump’s economy is looking more like a miracle than a mirage.
A U.S. government report Friday is expected to show that gross domestic product, or GDP — the most basic gauge of economic output — rose at an annual rate of 2% during the first quarter, based on a survey by data provider FactSet.
That rate of expansion would represent a slowdown from the fourth quarter’s pace of 2.2%, but it’s not nearly as disappointing as economists were predicting just a month ago. In early March, the Federal Reserve Bank of Atlanta’s computer-based forecaster pegged first-quarter growth at less than 0.5%.
