GDP revised downward for 2018 as U.S. economy shows more signs of slowing

Donald Trump in the Oval Office at the White House. . By Heather Long Heather Long Economics correspondent Email Bio Follow March 28 at 9:21 AM The U.S. economy grew 2.2 percent in the final quarter of last year, the Commerce Department said Thursday, less than the 2.6 percent the government initially estimated and another sign the economy is slowing.

There are two main ways to calculate GDP growth. The White House method is to calculate the change from the fourth quarter of 2017 to the fourth quarter of 2018, which is preferred by many economists, including the Federal Reserve. The Commerce Department reported Friday that measure of growth was revised down to 3 percent.

[Trump won’t get sustained ‘boom’ without an infrastructure bill and more tax cuts, new White House report shows] Trump has been pointing to the 3 percent measure and claiming it is the “best in 14 years.” He says that because it is the best fourth quarter to fourth quarter change in that time frame, but growth also hit 3 percent several times under President Obama, including during the first quarter of 2015, when it grew 3.8 percent.

Source: Entertainment Trends (entertainmenttrends.net)

Tiny trump sending ME into bankruptcy as has every Republican since harding

pretty soon don's con is going to become apparent, for all to see.

Democrats reaction to bad news for the economy. Democrats want SOCIALISM

Pretty sure this has to do with the stock market and nothing to do with jobs or economic growth. I mean keep doing whatever you can though to try to make him look bad that's what a news organization is supposed to be right, attacking your enemies

The last quarter of 2018 the GDP fell to 2.2%.This is another Red Flag that a Trump/Republican Recession is coming. It took only two Years for Republicans to again Screw up the Great Economy Obama left. This is after Obama pulled us out of the Republican Recession Of 2008. 2020

Sadly, a recession is the only thing to get this shitshow to stop.

Driving off the cliff and Trumpers want more

An economic depression will save the country in the long run.

We will have the best economy.

But... I thought we had the greatest economy in the history of the universe?!

A quick analysis of the economic data trend lines from 2006-07 shows a slightly similar pattern. We are more than 10 years in an expansion so obviously a contraction should not come as a surprise. Business & house debts are way up with delinquency on car loans etc rising.

Riding the tail end of the Obama wave so far ...

Let’s face facts: realDonaldTrump and his admin are ‘just plain dumb.’ ( so said a member of our GOP )

Interesting article! ReadForYourself FactsMatter

the TRUMPrecession is ON ITS WAY

Winning

He really is destroying everything that Obama did, isn’t he!

Trump will shout FAKE NEWS

Oh come on, is this serious?

Can't fudge the figures? They fudge everything else.

Same growth rates as under Obama. Just triple the deficits.

realDonaldTrump is not going to be happy about this. How soon before he blames it on POTUS44 ?

Trump Slump?

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