Washington (CNN) President Donald Trump on Friday seized on a strong GDP growth rate for the second quarter of the year to tout the economic gains made during his presidency and argued the US is experiencing an economic boom.

The US economy grew at a 4.1% annual rate in the second quarter of the year, a figure Trump touted as "amazing" and sustainable -- even as economists caution economic growth for the second half of the year will likely be slower.

"These numbers are very, very sustainable -- this isn't a one-time shot," Trump said on Friday, speaking from the South Lawn of the White House.

The President, flanked by Vice President Mike Pence and his top economic advisers, also claimed the economy is on track to hit an annual GDP growth rate of more than 3%.

"We've turned it all around. Once again, we are the economic envy of the entire world," Trump said. "We've accomplished an economic turnaround of historic proportions."

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