Trump’s Economic Growth Is Slower Than Obama’s Last 3 Years - News Summed Up

Trump’s Economic Growth Is Slower Than Obama’s Last 3 Years


For 2019 GDP growth was 2.3%, which is down from 2.9% in 2018 and just below 2.4% in 2017, Trump’s first year in office. Over the 12 quarters Trump has been President only four of them have had GDP growth over 3% and six of the quarter’s growth was 2.3% or lower. And for the past three quarters GDP growth has been 2.0%, 2.1% and 2.1%, respectively. June 2019 quarter: Increases from 2% growth to 2.8% growthSeptember 2019 quarter: Decreases from 2.1% growth to 2.0% growthDecember 2019 quarter: Decreases from 2.1% growth to 1.2% growthThe trend of 2.8% growth in the June quarter to 1.2% in the December quarter is not positive. Obama’s last three years had better growth than Trump’s three yearsA better metric to use than the GDP growth rate that is reported each quarter is the change year over year.


Source: Forbes February 01, 2020 12:56 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */