Real gross domestic product (GDP) increased at an annual rate of 3.0 percent in the second quarter of
2017 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. In the
first quarter, real GDP increased 1.2 percent.
News Release: Gross Domestic Product
Not bad. Haven't seen at least 3.0% since Q1 of 2015 and before that was Q3 of 2014.
Obama never had a full year of at least 3.0% GDP growth; Trump has made it his minimal goal. It doesn't look like he'll get it this year. During the campaign he thought his economic policies would get us to a 4.0% growth rate. Well, since hardly any of his economic policies have been implemented (tax cuts, tax reform, infrastructure) it's going to be hard to achieve that.
2017 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. In the
first quarter, real GDP increased 1.2 percent.
News Release: Gross Domestic Product
Not bad. Haven't seen at least 3.0% since Q1 of 2015 and before that was Q3 of 2014.
Obama never had a full year of at least 3.0% GDP growth; Trump has made it his minimal goal. It doesn't look like he'll get it this year. During the campaign he thought his economic policies would get us to a 4.0% growth rate. Well, since hardly any of his economic policies have been implemented (tax cuts, tax reform, infrastructure) it's going to be hard to achieve that.
