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applegrove

(118,749 posts)
Sat Jan 27, 2018, 01:50 AM Jan 2018

Trump's first year of GDP growth is very, very average, historically speaking

https://amp.cnn.com/cnn/2018/01/26/politics/trump-economic-growth-gdp/index.html?__twitter_impression=true

By Ryan Struyk, CNN 

"SNIP......

Those numbers showed the US economy grew by 2.3% over the first year of Trump's presidency, a mark that indicates faster growth than last year but, so far, still falls short of Trump's goal to hit 3% in GDP growth.

It's also pretty average.

Take a look at what change in GDP has looked like over the last half century.

View this interactive content on CNN.com

The average growth in GDP over former President Barack Obama's second term? 2.2%. The average over the last two decades? 2.2%. The average back to 1970? 2.8%. And the average back all the way to 1930? 3.3%.

........SNIP"
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