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Obama administration was the first administration that
Posted on: February 18, 2020 at 10:48:10 CT
Spanky KU
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never had a whole year of 3 percent growth.
According to the Bureau of Economic Analysis, the percentage change in GDP growth during the 3rd and 4th quarters of the last year of Obama’s final term was 3.5% and 1.9%, respectively, resulting in an average growth rate of 1.6% for 2016.
That was down 1 percentage point from 2015 when GDP grew by 2.6%, which marked the best year for average growth under Obama.
As for the remainder of Obama’s time in office, quarterly GDP growth averaged 2.0 percent, or 1.5 percent when averaging out annual figures.
According to the Bureau of Economic Analysis, the percentage change in GDP growth during the 3rd and 4th quarters of the last year of Obama’s final term was 3.5% and 1.9%, respectively, resulting in an average growth rate of 1.6% for 2016.
That was down 1 percentage point from 2015 when GDP grew by 2.6%, which marked the best year for average growth under Obama.
As for the remainder of Obama’s time in office, quarterly GDP growth averaged 2.0 percent, or 1.5 percent when averaging out annual figures.
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Obama administration was the first administration that - Spanky KU - 2/18 10:48:10
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