That’s a title from FT. Keep in mind when Trump promised 4% progress (in Could 2017)? How did that prove?
Determine 1: GDP (black), and 4% progress counterfactual (pink), each in bn.Ch.2017$ SAAR. NBER outlined peak-to-trough recession dates shaded grey. Supply: BEA, and creator’s calculations.
Some apologists will argue that, however for the pandemic, Mr. Trump’s objective would’ve been achieved. That is perhaps 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$ under the Trump promise.
