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Trump says he will be happy with a GDP number with a '4' in front of it

Key Points
  • President Donald Trump says he would be happy with a second-quarter GDP number that has a "4" in front of it. 
  • The government releases the second-quarter GDP data on Friday morning. 
President Donald Trump
Saul Loeb | AFP | Getty Images

President Donald Trump is talking up Friday's second-quarter gross domestic product release, saying he would be content with U.S. economic growth of about 4 percent or more.

"Somebody actually predicted today, 5.3. I don't think that's going to happen — 5.3. If it has a 4 in front of it, we're happy. If it has like a 3 but it's a 3.8, 3.9, 3.7, we're OK," the president said Thursday during a speech about trade at a steel facility in Illinois.

The government releases GDP numbers on Friday morning. The CNBC/Moody's Analytics GDP survey rapid update showed tracking estimates dipped to 4.1 percent growth after Thursday's economic reports.

The White House typically has not talked about economic data points before their release, but the Trump administration has recently broken with that tradition. White House economic advisor Larry Kudlow said Thursday to expect a "big" GDP figure, but added that he had "no knowledge" of the data at the time of his interview with Fox Business Network.

Earlier this week, Trump said the U.S. has the "best financial numbers on the Planet." In June, he tweeted about an hour before the monthly jobs report, saying he was "looking forward" to what ended up being a strong reading for May.

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Economy

Kudlow says Friday's GDP number is going to be 'big'

Key Points
  • White House economic advisor Larry Kudlow said Friday's GDP release will reflect "big" growth for the U.S. economy.
  • Economists surveyed by Reuters expect the gain to be 4.1 percent, a range Kudlow says sounds about right, though he has no official information about the report.