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Real GDP growth rate by president since 1947 (the quarter in which a new president takes office is attributed to the incoming president) [14] President Political party Period of presidency Average annual real GDP (in trillions) Average annual percentage growth Harry S. Truman (data available from 1947) Democratic: 1945–1953 2.43 4.88%
English: Annualized real GDP growth rates under U.S. presidents from Eisenhower to Biden, sorted by growth rate. Data source: U.S. Bureau of Economic Analysis quarterly data through the first quarter of 2023. Democrats are in blue, Republicans are in red. The quarter in which a new president takes office is attributed to the incoming president.
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. [239] [240] Prior to the pandemic, real GDP growth averaged 2.7% during the first three years of the Trump presidency. [241]
GDP growth was lowest under Trump and Obama.Benzinga's Take: The stock market is a leading economic indicator, and the SPDR S&P 500 ETF Trust (NYSE: SPY) is up 19.8% in the last six months.That ...
The fair value of US-held derivatives contracts in the first quarter of 2010 was $4,002 billion (28.1% of GDP) for positions with positive values (known as "derivatives receivables"), and $3,886 for positions with negative values (27.3% of GDP). [37] Interest rate derivatives form by far the largest part of US derivative contracts by all ...
Since the Fed's first rate cut on Sept. 18, markets now expect three fewer rate cuts between now and the end of next year, per the CME's FedWatch Tool. But the US economy has remained resilient in ...
U.S. gross domestic product grew by 6.5% in the second quarter, up slightly from earlier in the year but falling short of estimates. See: What Is the GDP -- and What Do You Need to Know About It?...
The President's 2012 budget forecasts annual real GDP growth averaging 3.2% from 2011–2021 (3.7% from 2011–2016 and 2.6% from 2017–2021.) [83] The change in real GDP was -0.3% in 2008, -3.5% in 2009 and +3.0% in 2010. During 2011, real GDP increased at an annual rate of +0.4% during the first quarter and +1.0% during the second quarter.