U.S. Growth in Real GDP and Jobs in the Trump Era

Real GDP contracted 32.9% at an annualized rate (AR) last quarter, more than six times faster than during the prior quarter. Personal consumption, which accounts for roughly 70% of U.S. aggregate demand, plunged 34.6% annualized. Non-residential and residential business investment sank by 27.0% and 38.7%, respectively, and exports and imports plummeted 64.1% and 53.4%. These […]

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