Chart of the Day: GDP Grew 2.6% in the Final Quarter of 2017

GDP growth figures are out today, and the economy kept up its good performance in the fourth quarter. GDP growth since the previous quarter was up 2.6 percent on an annualized basis:

And since 2017 is now in the history books, we also have growth figures for the whole year. The economy grew 2.3 percent in 2017:

This is perfectly respectable. However, just to state the obvious, it’s a long way from the sustained 3 percent growth that Donald Trump thinks his tax cut will generate. I doubt that he’ll come close to that in 2018, let alone for several years in a row.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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