Economy Grew Less Than Trump Claims

Washington Post: “The U.S. economy grew 2.2 percent in the final quarter of last year, the Commerce Department said Thursday, less than the 2.6 percent the government initially estimated and another sign the economy is slowing.”

“President Trump, however, has focused on how fast the economy grew all of last year. Trump has been touting 3.1 percent growth in 2018. Officially, the Commerce Department said Thursday the economy grew 2.9 percent last year, slightly below Trump’s claim.”

New York Times: “Trump’s re-election could hinge on whether he is right about the economy, and nearly every other forecaster is wrong… But if he is wrong and the economy cools, Mr. Trump will have no one to credibly blame — and few places to turn for another jolt of stimulus if the United States slides into an economic contraction or recession.”