Ledger · 2016 campaign · № 70
Grow the economy 4 percent a year (and maybe 5 or 6)
Never delivered“We're bringing it from 1 percent up to 4 percent. And I actually think we can go higher than 4 percent. I think you can go to 5 percent or 6 percent.”
- Promised
- , Economic Club of New York speech
- Re-promised
- 30 times with a fresh deadline
- Topic
- Economy & prices
- Era
- 2016 campaign
What happened
Annual real GDP growth peaked at 2.9 percent in 2018, matching the best year of Obama's second term, and never reached 3 percent in any calendar year. Real GDP fell 2.2 percent in 2020 during the pandemic recession, the largest drop since the Great Recession.