ha touche. recession most like in 2020/2021. it take time for everything to slow down and trickle to other parts of industry, like snowball effect.
No, he was criticized for only having a 2% average growth and his saying 2% is the new normal. With Trump on the other hand, one quarter was 2%, big deal. You guys are so easy...... Trump Just Did Something Obama Never Could — Deliver On Promised GDP Growth https://www.investors.com/politics/...a-never-could-deliver-on-promised-gdp-growth/
They can add that to the list, so far: Integrity Honesty World respect Family values Ending corruption Fiscal responsibility
If the whole world drops -1% a 2% increase is a good thing, But if India continues to grow 7% on average it would catch up with the US in mid-term perspectives... So it basically depends on competition. I would say a GDP growth of 2-3% per year is OK.
Also by the BEA Note,the final numbers are a 2.1% GDP growth in the 2nd quarter and an 8.4% contraction in the 4th. The time to act is before the recession takes hold. If the indicators are there act before you have to react. Denying the danger exists to get re-elected is the absolute worse thing to do.
You are reading something wrong. There was no 8.4% contraction. If we did, last Christmas would have felt like Depression from 1930s. PS - it looks like you are looking at 2008, not 2019.
I am looking at 2008 where the 2nd quarter was 2% like 2nd quarter if this year and negative 8% in the 4th. That in of itself is not a sign either way and should not, as some here do, be used to ignor the other signs. Action needs to be taken to prevent a recession, ignoring the signs don't make them go away and is irresponsible.
First thing to mention is that you do not seem to understand what a recession is. "a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters" As per your link .. First quarter GDP was 3.1% ... Q2 was 2.0%. We have to wait and see what Q3 looks like in order to state whether or not we are in a recession by the above GDP definition. Notice the term "generally identified" - there are other measures of economic activity - housing starts - Consumer spending - and so on. Regardless 2% - any way you slice it or dice it - is not a roaring economy - a far cry from the 6% promised by Trump.
Er, no. You can google the definition of recession as well as I - and what I posted in the previous post was the definition of a recession. re·ces·sion /rəˈseSH(ə)n/ noun 1. a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.
Not quite! https://www.cnbc.com/2019/03/10/tru...ver-the-next-few-years-defying-consensus.html WASHINGTON – President Donald Trump’s budget will project that the economy continues to grow at a 3 percent rate or higher over the next five years, despite a more pessimistic consensus from outside forecasters. The White House will release the president’s budget Monday, along with its assumptions about how the economy will evolve under the administration’s proposed policies. The forecasts will show GDP reaching 3.2 percent this year compared to last year and 3.1 percent in 2020, according to a copy of the projections obtained by CNBC. Growth will then level off at 3 percent through 2024, according to the projections.
Yes. A "fall in GDP" is not "a lower rate of GDP growth". It is actually a "fall in GDP" -- meaning negative growth.
What one year back in 2012 the last 4 years of his admin was the same as trump 2.35 vs 2.4 for trump and obama did not do it by increasing the debt 1 trill a year. Hell we are running the same deficts as we did when we were trying to spend our way out of the worse depression in 75 years. Trump spends that much in an expanding economy.
I always scratch my head when I hear people praying for failure. Despite the naysaying, a recession is not in the cards. The US had the largest economy last year ($21.4 trillion). The next largest economy was China ($15.5 trillion) and they are probably cooking their books. GDP in 2017 was 3% starting in the second quarter and 3.3% in 2018. The first quarter of 2019 was 3.1%. 2.1% in the second quarter is not a worry. These are very healthy numbers. 162 million people are in the workforce (3.7% unemployment). Wages have been going up the last two years (4% in 2017, 5% in 201. retail spending by American was the strongest ever in July. BTW: I wouldn't be so flippant about any recession. Millions of Americans lose hope in a recession and too many die as a result. There is no danger of gas shortages because we are now energy independent.
well the way trump going with everybody, it just matter of times. he start the trade war 2018 with 10%, but now if go up to say 25-30%, its just matter of time. the damage initially will be small, then it trickle slowly down, eventually become a big snowball.
Try taking a course in economics and maybe then you will figure out we have never been able to go without recessions, no matter what we tried. We can only do policies to make recessions less painful and postpone them. 2.0% sucks That isn't quarterly GDP, it's the yearly forecast estimated during that quarter. Four quarters of 2.0% don't add up to 8.0%, it adds up to 2.0% annual growth. Using federal deficits to boost an economy is only smart if done in ways that stimulate the most for the dollar and giving it away to the rich is a pure waste.
