April 28, 2016

The Economy Still Struggles

  • Inflation-adjusted GDP grew at an annualized rate of 0.5 percent in the first quarter of 2016, the slowest growth in two years.

  • This compares with growth of 0.6 percent in the first quarter of 2015, and growth for all of 2015 of 2.4 percent.

Today the Commerce Department’s Bureau of Economic Analysis reported that GDP in the first quarter of 2016 grew at an awful 0.5 percent (annualized). This is the slowest growth in two years. In a troubling sign for future job growth, private domestic investment fell by 3.5 percent, its largest single-quarter drop in five years. This investment has now fallen for three straight quarters, the first time this has happened since the 2008-2009 recession.

GDP Components – Change in Q1 2016

GDP components first quarter 2016

Americans want a healthier economy, and a president that will work with Congress to get government out of the way of the private sector. Past presidents who reduced government burdens on the private sector saw economic growth far stronger than President Obama’s.

 Obama’s Economic Growth DisappointsObama economic growth compared to reagan and clinton

Issue Tag: Economy