Obama Never Have 3 Gdp Again

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How GDP Growth Under Trump Compares To Clinton, Obama And Other Presidents

With the presidential ballot less than a week away, Americans are weighing the two presidential candidates and choosing which is best for the country over the next 4 years —if they haven't already voted.

1 fashion they can do that is by looking back on the first term of President Donald Trump and comparison the impact his policies have had on the country to previous administrations.

Trump's Gdp Numbers: Trump has campaigned as the all-time choice for the U.S. economy. Trump oft uses the stock market as a scorecard for his policies, but the best representation of the real U.Due south. economy is gross domestic production.

Hither's a await at annual U.S. Gdp growth during Trump'due south presidency. The 2020 approximate comes from the Federal Reserve:

  • 2017: +2.three%

  • 2018: +3%

  • 2019: +ii.two%

  • 2020: -3.vii%

Related Link: Historically, Stocks Perform Better When Sitting President Is Reelected

How Trump Compares: Overall, U.S. Gross domestic product growth has averaged virtually 0.95% during Trump'due south first term in part. Here's a wait at how that GDP growth stacks upward to his predecessor, President Barack Obama:

  • 2009: -ii.v%

  • 2010: +2.6%

  • 2011: +one.6%

  • 2012: +2.2%

  • 2013: +one.eight%

  • 2014: +2.5%

  • 2015: +3.1%

  • 2016: +ane.vii%

In his eight years in role, U.S. Gdp growth averaged 1.62% under Obama, nearly 70% higher than Trump's growth rate.

Here'due south a look at average GDP growth rates under the last six U.S. presidents:

  • Jimmy Carter (D): 3.25%

  • Ronald Reagan (R): 3.48%

  • George H.W. Bush-league (R): ii.25%

  • Bill Clinton (D): 3.88%

  • George Westward. Bush (R): 2.2%

  • Barack Obama (D): one.62%

  • Donald Trump (R): 0.95%

In his get-go 4 years in office, Trump has had past far the everyman average U.S. Gdp growth rate of whatsoever of the last 7 U.S. presidents.

Overall, U.S. GDP growth was highest under Clinton and Reagan in this group. Gross domestic product growth was lowest under Trump and Obama.

Benzinga'due south Take: The stock market is a leading economic indicator, and the SPDR S&P 500 ETF Trust (NYSE: SPY) is upwardly 19.8% in the last half dozen months.

That positive toll action suggests Gdp growth is on rails for a rebound in 2021, but the question for Americans is whether rebound volition occur with Trump or President Joe Biden.

See more from Benzinga

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  • How Trump's Stock Market Return Compares To Obama, Bush And Other Past Presidents

  • Historically, Stocks Perform Ameliorate When Sitting President Is Reelected

© 2020 Benzinga.com. Benzinga does non provide investment advice. All rights reserved.

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Source: https://finance.yahoo.com/news/gdp-growth-under-trump-compares-121008953.html

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