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Economic Growth Has Reached 3 Percent for the First Time in More than a Decade Thanks to President Donald J. Trump’s Policies
ACHIEVING 3 PERCENT GROWTH: For the first time in 13 years, the economy reached 3 percent growth in 2018.
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ACHIEVING 3 PERCENT GROWTH: For the first time in 13 years, the economy reached 3 percent growth in 2018.
- The Bureau of Economic Analysis (BEA) has announced that GDP grew by 3.1 percent from the fourth quarter of 2017 to the fourth quarter of 2018.
- Bureau of Economic Analysis: “During 2018 (measured from the fourth quarter of 2017 to the fourth quarter of 2018), real GDP increased 3.1 percent.”
- This marked the fastest fourth quarter to fourth quarter growth since 2005.
- 2018 was the second year in a row that the economy exceeded market expectations.
- The impressive economic growth in 2018 was a strong improvement from the trend prior to when President Donald J. Trump took office.
- Had the pre-2017 trend continued, growth would have been only 2 percent in 2017 and 2018. Economic output was also $280 billion larger than it would have been.
- Growth matched the forecast of 3.1 percent predicted in the President’s 2018 Budget.
- The fourth quarter GDP growth last year far exceeded market expectations.
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