Are you worried that the economy grew by only 1.9 percent in the recent quarter? That’s a pretty weak performance. But it would seem downright dismal if you believed Donald Trump’s assertion during the 2016 campaign that 1.9 percent growth during one of Barack Obama’s quarters signaled an economy “in deep trouble.”
Economists are now forecasting 1.8 percent gross domestic product growth in the fourth quarter. Things are most definitely slowing down.
Clearly, Trump will not whip the economy into the 4 percent annual growth he bragged about during the campaign. Never mind 6 percent. And despite the economy’s so-so October performance, Trump ended the month tweeting, “The Greatest Economy in American History!” But we’re used to that.
View the complete November 5 article by From a Harrop on the National Memo website here.