That’s a title from FT. Keep in mind when Trump promised 4% development (in Could 2017)? How did that end up?
Determine 1: GDP (black), and 4% development counterfactual (crimson), each in bn.Ch.2017$ SAAR. NBER outlined peak-to-trough recession dates shaded grey. Supply: BEA, and writer’s calculations.
Some apologists will argue that, however for the pandemic, Mr. Trump’s purpose would’ve been achieved. That could be the case (though as famous pre-pandemic, that was extremely unlikely). Nevertheless, even earlier than the pandemic, on the NBER peak, actual GDP was 1.2 trillion 2017$ beneath the Trump promise.
