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HORSE. CRAP GDP–2017–2018–
Trump’s “Greatest Economy Ever” Revised Away By Annual Data ‘Corrections’
President Trump’s much-heralded 3.0% GDP growth in 2018 – “greatest economy ever” – has been slashed by annual revisions.
As Bloomberg reports, updated government figures show that gross domestic product expanded 2.5% on a fourth-quarter-over-fourth-quarter basis last year.
That compares with a previous estimate of 3% and an upwardly revised 2.8% in 2017, the first year of Trump’s presidency