(Bloomberg opinion) – US economy did not quite a 3-year economic growth managed as Joe Biden president in four years. The real (ie, the matching products) was done every year in the quarter.
However, since the invoice was the Presidency of Clinton, and the margin of the previous three presidents is so great, the future GDI reviews (which will be a lot of GDI) will not change that.
The economic growth and GDI is not a real GDP, of course, the only valid measure of economic performance. But that is in the right way, it is the most comprehensive. President Donald Trump and his sponsor made a great growth in GDP as evidence of economic miracles that trumped strong numbers of a quarter. In fact, I started making these comparisons to grow in the face of claims, calculated using a compound annual growth rate. If you will talk about GDP’s growth, I thought, at least use the right size.
The questions used there. Overall I went to the first quarter at last, for the end, even everything went well (that is not resignable or murder), a president leaves a very early quarter. Economic policies take effect with long and changing delays, which is why I measured it in the second quarter of the office in the second quarter.
This year, however, it increases the empty view of Trump’s fare large changes in GDP in the first quarter. To overcome rates in a hurry, otherwise the GDP and GDP average and the average GDP hired a rate of 0.2% each year. (Imports do not reduce economic growth, but it is a sudden increase in imports, depressing the quarterly growth number.
The last quarter of Trumpen Presidency also caused an economic event outside his control – once in the 16th century (we hope) the global pandemic. I have already directed it in the past, but measured in the first quarter of Trump in the first quarter of 2019, GDP growth was 2.8% and GDP-GDI growth is approximately 2.8%.
Biden years, of course, are not remembered as Eden economics, for a simple reason: inflation. The consumer price index rose by 5% of the 5% rates of the first month of the way, compared to 1.9% within Trump. All GDP numbers here are adjusted for inflation, but prices play different parts of the population in different different people, most people don’t like inflation.
As a result, when I wrote about the relatively strong performance of other economic indicators during the path, I heard the readers I said I was without contact. Fine, but with inflation, the economic phenomenon you need for minimum official data is not helpful to understand what is happening with GDP, employment and similar?
It is likely to know knowing the terms of the path by strengthening the long-standing model of the US economy in democratic presidents. It has been a repeated analysis, no one offers good explanations. In recent years, it has also been coexistence with a state model that the Republicans grow faster than the States directing democrats. Maybe it doesn’t mean much. However, I think that means that even if Trump begins before the economy begins with his fare policies. The safest bet would slow down in the second term of office.
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This column reflects the author’s personal views and does not necessarily reflect the editorial or Bloomberg LP and its owners’ opinion.
Justin Fox Bloomberg is an opinion column that covers notari, economies and other issues with diagrams. The former director of the Editorial of Harvard Business Review is the “Mitum of Rational Market”.
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2025-06-01 12:23:00
