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Trump presided over the slowest economic growth of any U.S. president since the Second World War, partly due to the COVID-19 pandemic that triggered a brief recession and a 2.2% decline in real GDP growth in his last year. [241] [242] Prior to the pandemic, real GDP growth averaged 2.7% during the first three years of the Trump presidency. [243]
Obama presents his first weekly address as President of the United States on January 24, 2009, discussing the American Recovery and Reinvestment Act of 2009 Job Growth by U.S. president, measured as cumulative percentage change from month after inauguration to end of term. 2016 was the first year U.S. real (inflation-adjusted) median household income surpassed 1999 levels.
The U.S. trade deficit increased from $502 billion in 2016 to $552 billion in 2017, an increase of $50 billion or 10%. [370] During 2017, total imports were $2.90 trillion, while exports were $2.35 trillion. The net deficit in goods was $807 billion, while the net surplus in services was $255 billion. [371]
[7] [8] Since China's transition to a socialist market economy through controlled privatisation and deregulation, [9] [10] the country has seen its ranking increase from ninth in 1978, to second in 2010; China's economic growth accelerated during this period and its share of global nominal GDP surged from 2% in 1980 to 18% in 2021.
Economic growth is one of the causes of increasing greenhouse gas emissions. [174] [175] As the economy expands, demand for energy and energy-intensive goods increases, pushing up CO 2 emissions. On the other hand, economic growth may drive technological change and increase energy efficiency.
Expectations for personal finances and the short-run economic outlook both declined almost 10% in February, while the long-run economic outlook fell back about 6% to its lowest reading since ...
10% growth of the economy a year up to 2012 [70] [94] In January, 2013 Finance Minister Tendai Biti announced that Zimbabwe's national public account held just $217. [96] The election budget for the July 2013 presidential election was $104 million and government budget for 2013 was $3.09 billion at a projected economic growth of 5 per cent. [97]
Revenues grew 58% year over year on an FX-neutral basis to $11.5 billion in 2024 and driven by sustained ARPAC growth, up 23% year over year in FX-neutral terms to $10.7; our efficiency ratio ...