Ali Velshi criticized journalists for their excitement over a 3% GDP growth under President Trump, asserting that the figure was misleading. He explained that the growth stemmed from a larger increase in imports compared to exports. Velshi emphasized that this positive number should not be interpreted as a sign of economic prosperity, but rather as a result of specific calculations. He expressed disappointment in journalists for not taking the time to investigate the data thoroughly, highlighting the need for economic journalists to understand the implications of GDP figures better.
On Saturday's Velshi from MSNBC, the host brought up the new Gross Domestic Product (GDP) numbers released by the Commerce Department which showed a large 3% growth in the second quarter under President Donald Trump.
Velshi claimed that the positive growth isn't really of consequence, arguing the upward swing was simply the result of higher imports than exports in the first quarter.
He hit journalist's and media one more time, saying, Again, something that economics journalists should know.
Velshi was not wowed by the increase, but expressed his contempt for the fact that other journalists seemed to be.
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