GDP Growth In 2018 Was Below 3%

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The BEA revised its estimate of GDP growth in Q4 downward to 2.2 percent today. Team Trump has been using a Q4/Q4 measure of growth so that they can say GDP grew more than 3 percent last year,¹ but using the latest figures even the Q4/Q4 measure has dropped to below 3 percent. It’s now….

2.98 percent

But it rounds up to 3 percent! MAGA!

¹Using the more normal measure, where you simply compare all of 2018 to all of 2017, GDP growth last year was 2.9 percent. Even after the reduced estimate for Q4 it still is—though just barely.

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is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

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