Trump Economy Shrugs Off Shutdown, Growing 3.2% and Defying Media and Democrat Pessimism
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Either the media and Democrat elected (and hopefuls) were wrong about
the economic impacts of the partial government shutdown that ended in
January, or the U.S. economy is even stronger than it looks. Knowing the
doomsaying that takes place regarding the Trump economy, the answer is
most likely both.
GDP grew at an astounding
3.2 percent rate during the First Quarter of 2019, which even MSNBC called “
extraordinary.”
It’s even more shocking when you consider that the shutdown, which
lasted nearly until the end of January, was projected to reduce growth
significantly.
According to Forbes, the Trump administration’s own
estimates suggested that the shutdown would reduce growth by about 0.13
percentage points for each week that it continued. Based on that
figure, the shutdown should have resulted in First Quarter GDP growth
coming in about 0.4 percent lower than it otherwise would have.