No less than it’s mercifully lower than the 4% that he promised final time (however 9% is greater than final time)
That is what 3% appears like:
Determine 1: GDP (black), CBO (gentle blue), Troika inferred from Trump remarks at 3% (purple squares), and Could Survey of Skilled Forecasters median (tan), all in bn.Ch.2017$ SAAR. Supply: BEA 2025Q1 second launch, CBO (January 2025), TruthSocial publish of 30 Could 2025, Philadelphia Fed (Could 2025), and writer’s calculations.
Right here’s an image of final time Trump promised one thing about development (incorporating TCJA):
Determine 2: GDP (black), CBO (gentle blue), Troika/Administration (purple sq.), Donald Trump (orange inverted triangle), all in bn.Ch.2009$ SAAR. NBER outlined peak-to-trough recession dates shaded grey. Supply: BEA, CBO (April 2018), Financial Report of the President, 2018, CNBC, NBER, and writer’s calculations.
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