To: zzpat who wrote (1034673 ) 10/21/2017 6:41:32 PM From: longnshort 2 RecommendationsRecommended By
Read Replies (1) | Respond to Obama's Historically Bad EconomyJEFFREY H. ANDERSON figures from the U.S. Commerce Department's Bureau of Economic Analysis (BEA), the source for all of the figures provided herein, average annual GDP growth in the post-World War II era has been 2.9 percent. By far the worst year in that stretch was the first, when in the immediate aftermath of the war, GDP declined more than four times as much (-11.6 percent) as it has in any year since. From 1947-onward, average annual GDP growth has been 3.2 percent.has varied greatly by president , ranging from a high of 5.3 percent under President Lyndon Johnson to a low of 1.5 percent under President Obama, as the following chart conveys :(Post-WWII average: 2.9%) numbers for 2016, since the year isn't yet complete. Thus far, growth in 2016 has been 0.8 percent in the first quarter and an estimated 1.2 percent in the second quarter. So Obama will be lucky to finish his presidency at even half the postwar average of 2.9 percent growth.
