Chart of the Day: GDP Growth Ends 2019 on Ho-Hum Note

In the final quarter of 2019, real GDP grew 2.1 percent:

This is OK. It’s not great, but it’s OK, especially in the 128th month of an economic expansion. The fourth quarter results mean that we ended the year with annual growth of 2.3 percent:

Again, this is an OK number, but nothing to write home about. US economic growth has been remarkably steady since the end of the Great Recession, never breaking out of a range of 1.5-3.0 percent.

And for you political types who demand to know what this means for the election, it probably means nothing. Economic growth is good enough that it doesn’t provide Donald Trump with any big problems, but it’s low enough that he’s still vulnerable. Altogether, economic growth is probably a wash for the 2020 campaign.

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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 bluster—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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