US Economy Growth

[GMDino]

https://www.washingtonpost.com/business/economy/the-us-economy-grew-23-percent-in-2017-as-growth-slowed-in-fourth-quarter/2018/01/26/ee7efb56-029a-11e8-bb03-722769454f82_story.html?utm_term=.24c819b7b808

Quote:The U.S. gross domestic product, a broad measure of the economy, increased by 2.3 percent in 2017, federal economists reported Friday.



GDP growth slowed in the year’s fourth quarter to an annualized rate of 2.6, breaking a two-quarter streak of growth of more than 3 percent.


The economy grew far faster in 2017 than during the year before, but the slowed fourth quarter growth underscores the challenge President Trump’s administration will have in delivering the growth rates he has promised. Officials had focused on 3 percent GDP growth as proof his economic policies were working, and Trump has said it could go far beyond that target.

Trump and Republicans are counting on massive economic growth to prevent the more than $1.5 trillion in tax cuts Trump signed into law in December from adding to the deficit, though that would require growth far beyond the 3 percent target.

The U.S. economy grew 1.5 percent in 2016 and 2.9 percent in 2015. It has grown every year since 2009, when it shrank 2.8 percent.

[fredtoast]

The economy better damn well keep growing. We just passed a tax cut that is usually only needed during a recession.

Any economy should grow if you have an unlimited federal deficit.

[GMDino]