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It's 2.9% after the numbers were adjusted as data came in. That is the same as Obama did in 2015 in spite of trillions of dollars handed out to the rich that the GOP promised would push up GDP to new highs. Not only that but consensus predictions are for 1.1% max growth for the rest of Trump's term and a 50/50 chance of recession. So bottom line: no better than Obama and getting much worse.
It's 2.9% after the numbers were adjusted as data came in. That is the same as Obama did in 2015 in spite of trillions of dollars handed out to the rich that the GOP promised would push up GDP to new highs. Not only that but consensus predictions are for 1.1% max growth for the rest of Trump's term and a 50/50 chance of recession. So bottom line: no better than Obama and getting much worse.
2015 growth rates:
Q1 3.3%
Q2 3.3%
Q3 1%
Q4 .4%
Average- 2%
2018 looks like a better year than 2015 to me
Not to mention 2016 adjusted for inflation growth was a measly 1.6%. GDP growth is definitely more solid under Trump
The nominal growth rate is 5.3 percent. This is the 11th consecutive year that interest rates across the entire curve have been below the economic growth rate, and by a large disparity of 2.4 to 2.7 percentage points. The fiscal deficit is 1.1 percent higher in GDP terms. There is also negative interest rates in much of the world in an attempt to push funds into US markets for the wealth effect.
Doesn't matter what the GDP growth is now, what will matter is what it is in 2020. A lot of economists are saying it is slowing. Voters vote their pocket book, so they could turn on Trump in a New York minute.
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