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GDP is a measure of both the economic production and income. The Economist reported in August 2014 that real (inflation-adjusted) GDP growth averaged about 1.8 percentage points faster under Democrats, from Truman through Obama's first term, which ended in January 2013. [2]
English: Annualized real GDP growth rates under U.S. presidents from Eisenhower to Biden, sorted by growth rate. Data source: U.S. Bureau of Economic Analysis quarterly data through the first quarter of 2023. Democrats are in blue, Republicans are in red. The quarter in which a new president takes office is attributed to the incoming president.
U.S. real GDP growth under Trump was substantially below that achieved by other presidents. [240] Trump presided over the slowest economic growth of any U.S. president since the Second World War, partly due to the COVID-19 pandemic that triggered a brief recession and a 2.2% decline in real GDP growth in his last year.
Trump wins on stock market performance, real-income growth, and low inflation. If the economy holds up during the rest of 2024, as most economists expect, Biden will sustain that 4-3 advantage in ...
However, when eliminating the context and looking purely at numbers during each president’s four-year term, Trump oversaw a period of relatively low inflation, and Biden’s term so far has ...
Q4 2020 GDP: $18.8 trillion Q4 2019 GDP: $19.3T. In Q4, the US economy grew at a 4.0% pace (annualized) as the nation struggled to contain the virus. — Heather Long (@byHeatherLong) January 28, 2021
Job growth by US president, measured as cumulative percentage change from month after inauguration to end of term [149] Panel chart illustrates nine key economic variables measured annually in 2014–2017. The years 2014–2016 were during President Obama's second term, while 2017 was during President Trump's term. Refer to citations on detail ...
[39]: 257–258 Though the 1780s saw moderate economic growth, many experienced economic anxiety, and Congress received much of the blame for failing to foster a stronger economy. [38]: 613–614 On the positive side, the states gave Congress control of the western lands and an effective system for population expansion was developed.