The Reality of 3 Percent Growth

The following article by Andrew Soergel was posted on the U.S. News and World Report website August 31, 2018:

The economy was strong through the first half of 2018, but few analysts see the good times continuing.

Credit: Drew Angerer, Getty Images

PRESIDENT DONALD TRUMP rode into the White House on the backs of what many experts considered to be fairly lofty economic promises – chief among them the claim that he’d be able to jump-start a slow but steady economic recovery into a full-fledged boom.

While the president has at times speculated that he’ll be able to get the U.S. into a groove that will see annual economic growth as high as 6 percent, for the most part he has set a much lower target of 3 percent.

And in his second year in office, it’s looking like U.S. GDP is going to get awfully close to that benchmark.

View the complete article here.