US President Donald Trump today said the country’s growth rate is likely to touch five per cent as against the existing 3.2 per cent, on the back of an improved economy and job creation by new factories.

Trump, whose first four-year term ends in January 2021, forecast that the US’ growth rate may surpass the five per cent mark in his second term in the office.

“We’re going to go higher than that, but that may be in the second term,” said Trump, who needs to win the November 2020 presidential elections to secure a second term.

“We’re going up. Nobody’s ever seen anything like it. And watch those GDP numbers. We started off at a very low number, and right now we hit a 3.2, nobody thought that was possible in four years,” Trump told his supporters after the ground-breaking ceremony of Foxconn factory in Mount Pleasant, Wisconsin.

“But I think it’s going to go a lot higher than that. Each point is USD 3 trillion and 10 million jobs. We already hit a 3.2 and I think we’re going to be seeing 4’s and h5’s, too,” he said.

Trump said the ground-breaking of the Foxconn facility in Wisconsin is “only one part of the exciting story” that is playing out across the nation.

“Chrysler is shifting production from Mexico to Michigan, Toyota and Mazda will build a new facility in Alabama, a beautiful facility and we have many other companies coming in, not only the car companies,” he added.

Trump asserted that the leaders around the world are congratulating him for the American “economic success”

In his remarks, Trump described Foxconn manufacturing facility as the “eight wonder of the world”.

He also announced that US is now open for business.

The US president also cited the decline in unemployment across the country and it is the lowest in 44 years.

To buttress his claims, Trump said a recent study found that 95 per cent of manufacturers want to get going.

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