Chart of the Day: GDP Growth in Q4

Real GDP increased 2.6 percent in the fourth quarter:

For the year, GDP increased 2.9 percent:

So close! But GDP didn’t quite grow 3 percent as President Trump has been insisting it would. Maybe next year.

Still, not a bad year overall, and not too bad a final quarter. It looks like the Republican tax cut gave the economy a quick boost for a couple of quarters but then petered out. Maybe next time they’ll be more careful to time its benefits for election season.

THE BIG QUESTION...

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THE BIG QUESTION...

as we head into 2020 is whether politics and media will be a billionaires’ game, or a playing field where the rest of us have a shot.

Please read our annual column about the state of journalism and Mother Jones' plans for the year ahead, and help us build an alternative to oligarchy by supporting our people-powered journalism with a year-end gift today.

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