The end of the year is a good time to observe results and make assumptions about what the future will bring. And it is very interesting to see what the new American president brought to the table this year.
Since President Trump stepped into his new position nearly a year ago there was a lot of controversy. It started during the election rally and continues well into today. His supporters firmly believe that Mr. Trump will be the best thing that happened to the United States in the past 8 years, as Trump and President Obama belong to polar parties. On the other hand, those who still can’t accept Trump as their president take every chance they can to oppose his views on politics, economy and international affairs. Considering this division, we must look at the facts and not at the controversy that Trump is causing.
Last week US government issued a statement concerning the current situation at the US job market. According to this report the unemployment rate is now the lowest it has been for the last 17 years and in it’s turn the consumer confidence is at its highest for the same amount of time. And while that is in fact true, the experts are still to see whether Trump fulfills his promises to boost the national economy and markets in the following years of his presidency. Seeing the fall, that dollar took yesterday, it remains to be seen, what the next year will bring for American national currency.
Even with all the waiting that is going on no one can say that Trump’s effect on the US economy is negative. He has been in the Oval Office for a little less than a year but in the last 2 quarters of 2017 USA’s GDP rose 3.3 percent and economy grew by 3%. It’s worth mentioning that it is the only time that the economy grew by 3% three quarters in a row, making it a real success for Mr. Trump’s office. Business investment grew by 8.8%. It is predicted that economy’s earnings for the last quarter of 2017 will be higher by 8.8% compared to the same period last year. This can mean one thing – markets will continue to grow. In the last year DOW, Nasdaq and S&P 500 grew by more than 20%. In the light of this growth more stocks are jumping and are expected to jump by 100% and more.
During his time as President, Donald Trump said a lot of controversial things and made a lot of claims that to this days continue to divide people both in the USA and around the world. But not need to forget that above all Mr. Trump is an excellent businessman and knows a lot about economy, money and stocks. However even the best of experts can not predict what awaits US economy in the beginning of the next fiscal year.