Trump growth tops out at 2.9%

Sep 2018
6,579
1,086
cleveland ohio
#42
The Trumpconomy is outperforming the forecast in your cite while other advanced nations are under performing.
The overall picture that emerges is an encouraging one, with positive growth predicted in the majority of the EU. Only Greece is forecast to see its economy shrink, although the outlook in Finland is for growth of just half a percent.
This is the top 10 in full:
1. Ireland - 4.5%
2. Romania - 4.2%
3. Malta - 3.9%
4. Luxembourg - 3.8%
5. Poland - 3.5%
6= Sweden - 3.2%
6= Slovakia - 3.2%
8. Latvia - 3.1%
9. Lithuania - 2.9%
10. Spain - 2.8% Europe’s 10 fastest growing economies
 
Sep 2018
6,579
1,086
cleveland ohio
#43
Now, according to the European Office of Statistics, Poland has achieved the most forward-looking economy with the real GDP growth at 5%, Finance.ua reported.
Economic situation in other European countries
Speaking about the GDP percentage, Hungary is the second fastest growing economy in Europe (4.4%). Lithuania and Romania have are growing at the speed of 4.2% each. The Republic of Cyprus’ gross domestic product grew by 3.9% — so did GDP of Slovakia. Latvia’s rate is almost as high – 3.7%. Italy, Belgium and the United Kingdom of Great Britain have similar GDP rates compared to 2017 – 1.1%, 1.3%, and 1.3%, respectively. The fastest growing European economy | EM
 
Jul 2014
13,538
8,189
massachusetts
#44
Economic growth was 1.5% in 2016 and 2.9% in 2018, do you understand what that mean for tax collections? Tax reform increased economic growth which increased tax collections. Had Hillary won we would have continued the decrease in economic growth we saw in 2016 and would be in recession now.
Economic growth is expected to be closer to 2% going forward, with 1.5% a very real possibility.
The 2.9% was the sugar high from the tax cuts, it won't be repeated.
What will be repeated is the huge deficits.

It's easy for a country that is catching up to post higher growth, all the things that it is seeking to do are already known.
For a leading economy to grow, it needs to innovate, to invent the future, and that takes time, and that rarely happens quickly.

Growth is the increase in the workforce plus the increase in productivity.
It's hard to increase productivity, without massive investment, the tax cut did not produce that kind of investment, the money went to buybacks, which has no effect on growth.
And Trump is actively working to limit the growth of the workforce.
So where does growth come from?
 
Sep 2018
6,579
1,086
cleveland ohio
#45
Economic growth is expected to be closer to 2% going forward, with 1.5% a very real possibility.
The 2.9% was the sugar high from the tax cuts, it won't be repeated.
What will be repeated is the huge deficits.

It's easy for a country that is catching up to post higher growth, all the things that it is seeking to do are already known.
For a leading economy to grow, it needs to innovate, to invent the future, and that takes time, and that rarely happens quickly.

Growth is the increase in the workforce plus the increase in productivity.
It's hard to increase productivity, without massive investment, the tax cut did not produce that kind of investment, the money went to buybacks, which has no effect on growth.
And Trump is actively working to limit the growth of the workforce.
So where does growth come from?
everyone predicts a recesion due to the trade war it s a blip it wont even last another year!
 
Jun 2013
5,621
1,724
Katmandu
#46
Economic growth is expected to be closer to 2% going forward, with 1.5% a very real possibility.
The 2.9% was the sugar high from the tax cuts, it won't be repeated.
What will be repeated is the huge deficits.

It's easy for a country that is catching up to post higher growth, all the things that it is seeking to do are already known.
For a leading economy to grow, it needs to innovate, to invent the future, and that takes time, and that rarely happens quickly.

Growth is the increase in the workforce plus the increase in productivity.
It's hard to increase productivity, without massive investment, the tax cut did not produce that kind of investment, the money went to buybacks, which has no effect on growth.
And Trump is actively working to limit the growth of the workforce.
So where does growth come from?
Economic growth was expected to be closer to 2% in 2018 a few years ago.

"Growth is the increase in the workforce plus the increase in productivity."

What drove the growth in in 2018, productivity or the workforce increase? What will be different in 2019?
 

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