EDITOR'S NOTE
President Donald Trump's advisors are nudging him to avoid any moves that might crimp economic growth, which appears to be a key part of the White House strategy to secure reelection in 2020.
The focus is to avoid "prosperity killers," Larry Kudlow, director of the National Economic Council and a key Trump advisor, told CNBC's Jeff Cox on Thursday. "But that doesn't apply to easing up on China." Maintaining a strong economy is front and center in the upcoming campaign for a president continuously under fire for controversial tweets and continuing impeachment threats from some progressive Democrats after the Robert Mueller Russia investigation, Cox reports. ![]() Growth already appears to be slowing after a 2018 that saw gross domestic product rise 2.9%. While the first quarter of this year came in at 3.1% growth, Q2 is expected to show an increase of only around 2% and could end up being even lower. Wall Street will be paying close attention when the second-quarter GDP numbers come out Friday at 8:30 am ET.
Greg Valliere, chief global strategist at AGF, said a 1-handle on tomorrow's number, would "greatly diminish" Trump's claim that this is the greatest economy of all time. As Valliere put it, if we're under 2% "that is a real problem for him."
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