REFERENCE NEWS NETWORK REPORTED ON SEPTEMBER 2ND THAT US MEDIA REPORTED THAT THE DECLINE IN US ECONOMIC GROWTH IN THE SECOND QUARTER EXCEEDED THE INITIAL VALUE, INDICATING THAT TRUMP'S TRADE ACTIONS HAVE HAD A GREATER IMPACT ON THE SPEED OF ECONOMIC GROWTH.ACCORDING TO BLOOMBERG ON AUGUST 30TH, ACCORDING TO DATA RELEASED BY THE US DEPARTMENT OF COMMERCE ON AUGUST 29TH, THE INFLATION ADJUSTED ANNUALIZED GROWTH RATE OF GROSS DOMESTIC PRODUCT (GDP) IS 2%, WHICH IS CONSISTENT WITH ANALYSTS' PREDICTIONS, COMPARED TO THE INITIALLY REPORTED ANNUALIZED GROWTH RATE OF 2.1%. CONSUMER SPENDING, WHICH ACCOUNTS FOR TWO-THIRDS OF THE ECONOMY, GREW BY 4.7%, EXCEEDING ALL FORECASTS AND SETTING A RECORD FOR THE LARGEST INCREASE SINCE 2014.THE STRONG CONSUMPTION WAS OFFSET BY WEAK DATA FROM OTHER CATEGORIES, INCLUDING EXPORTS, INVENTORY, RESIDENTIAL INVESTMENT, AND NATIONAL AND LOCAL GOVERNMENT SPENDING.THE REPORT INDICATES THAT TRUMP'S ANNUAL GROWTH RATE TARGET OF 3% MAY BE EVEN MORE UNATTAINABLE. BOND YIELDS HAVE PLUMMETED, AND ECONOMISTS PREDICT WEAKER ECONOMIC GROWTH IN THE SECOND HALF OF THE YEAR, INCREASING THE LIKELIHOOD THAT THIS RECORD BREAKING GROWTH WILL END WITHIN THE NEXT 12 MONTHS.AFTERWARDS, TRUMP FIERCELY CRITICIZED THE FEDERAL RESERVE ON TWITTER. HE WROTE, 'THE US ECONOMY IS DOING VERY WELL AND HAS ENORMOUS POTENTIAL FOR GROWTH.' 'IF THE FEDERAL RESERVE IS WILLING TO DO WHAT THEY SHOULD DO, WE ARE A ROCKET!'THE REPORT STATES THAT SINCE JUNE, THE ECONOMIC ENVIRONMENT HAS BECOME MORE UNPREDICTABLE. FEDERAL RESERVE CHAIRMAN JEROME POWELL POINTED OUT AT A SEMINAR ON AUGUST 30TH THAT THE NEXT FEW WEEKS WILL BE "TROUBLESOME".THE REPORT CONCLUDES THAT ECONOMISTS PREDICT THAT THE ECONOMIC GROWTH RATE IN THE THIRD AND FOURTH QUARTERS WILL BE BELOW 2%.