McRocket
Gold Member
- Apr 4, 2018
- 5,031
- 707
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- Banned
- #1
'U.S. gross domestic product grew at a 2.6% annual rate in the final quarter of last year, bringing 2018’s annual growth to 2.9%, the Commerce Department said on Thursday.
Why it matters: That's just shy of the 3% growth the Trump administration has touted. The shutdown-delayed GDP report marks a deceleration from the 3.4% growth rate seen in the third quarter. The BEA estimates that the shutdown — which was mostly in January, rather than in the fourth quarter — "subtracted about 0.1 percentage point from real GDP growth in the fourth quarter."'
The U.S. economy grew 2.9% in 2018
And before you Trumpbots blame the sub-3% year on the government shutdown? Trump owned it...so it's 100% his responsibility.
'Real GDP increased 2.9 percent in 2018 (from the 2017 annual level to the 2018 annual level), compared with an increase of 2.2 percent in 2017'
Gross Domestic Product, Fourth Quarter and Annual 2018 (Initial Estimate) | U.S. Bureau of Economic Analysis (BEA)
So much for that 'booming' economy of 4% or 5% Real GDP growth Trump promised. So far, real GDP growth under Trump is only 2.55% (2017 & 2018 combined).
Winning?
Don't make me laugh.
Why it matters: That's just shy of the 3% growth the Trump administration has touted. The shutdown-delayed GDP report marks a deceleration from the 3.4% growth rate seen in the third quarter. The BEA estimates that the shutdown — which was mostly in January, rather than in the fourth quarter — "subtracted about 0.1 percentage point from real GDP growth in the fourth quarter."'
The U.S. economy grew 2.9% in 2018
And before you Trumpbots blame the sub-3% year on the government shutdown? Trump owned it...so it's 100% his responsibility.
'Real GDP increased 2.9 percent in 2018 (from the 2017 annual level to the 2018 annual level), compared with an increase of 2.2 percent in 2017'
Gross Domestic Product, Fourth Quarter and Annual 2018 (Initial Estimate) | U.S. Bureau of Economic Analysis (BEA)
So much for that 'booming' economy of 4% or 5% Real GDP growth Trump promised. So far, real GDP growth under Trump is only 2.55% (2017 & 2018 combined).
Winning?
Don't make me laugh.