Economic Growth Reached 3 Percent, First Time in More than a Decade Thanks to President Trump

[Terri4Trump]

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.

• 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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[Terri4Trump]

Next we have this:

Trump has set economic growth on fire. Here is how he did it
Source CNBC

During his time in office, the economy has achieved feats most experts thought impossible. GDP is growing at a 3 percent-plus rate. The unemployment rate is near a 50-year low. Meanwhile, the stock market has jumped 27 percent amid a surge in corporate profits.

Friday brought another round of good news: Nonfarm payrolls rose by a better-than-expected 201,000 and wages, the last missing piece of the economic recovery, increased by 2.9 percent year over year to the highest level since April 2009. That made it the best gain since the recession ended in June 2009.

 

[Terri4Trump]

BLAM!

Annual economic growth hits 3 percent, defying predictions of Trump critics

The White House is touting new economic numbers that famous economists once predicted would never happen under President Trump.

The conflicting predictions came early in 2017, when Trump and his official budget proposal forecasted more than 3 percent annual economic growth under his presidency.

The data are in and the economy grew at a 3.1 percent rate from the fourth quarter of 2017 to the fourth quarter of 2018, one measure of annual growth, according to the Bureau of Economic Analysis. That is the first time in 13 years that it’s been over 3 percent, the White House notes. The administration attributes the gains to tax cuts, deregulation and other pro-growth policies.

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[Terri4Trump]

Gross Domestic Product, First Quarter 2019 (Third Estimate); Corporate Profits, First Quarter 2019 (Revised Estimate)
Bureau of Economic Analysis

Real gross domestic product (GDP) increased at an annual rate of 3.1 percent in the first quarter of 2019 (table 1), according to the "third" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2018, real GDP increased 2.2 percent.

 

[Terri4Trump]

The Trump Economy

Under Trump, we're at 3% to 3.5% growth now, or in his term. That's a big increase, it means the economy is growing almost twice as fast under Trump as it did under Obama.

The Trump Economy

 

[Penelope]

Bloomberg - Are you a robot?

economics
Why So Many Americans Still Work Multiple Jobs in Strong Market
By
Sho Chandra
and
Sarah Foster
October 4, 2018, 5:00 AM EDT

 

[Auld Phart]

Opening Posts require more than a Copy and Paste with a Link, You need to include relevant, on topic material of your own.

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