Chart of the Day: GDP Growth in Q4

Real GDP increased 2.6 percent in the fourth quarter:

For the year, GDP increased 2.9 percent:

So close! But GDP didn’t quite grow 3 percent as President Trump has been insisting it would. Maybe next year.

Still, not a bad year overall, and not too bad a final quarter. It looks like the Republican tax cut gave the economy a quick boost for a couple of quarters but then petered out. Maybe next time they’ll be more careful to time its benefits for election season.

Fact:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and billionaires wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2024 demands.

payment methods

Fact:

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2024 demands.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate