x.com/MartinSkold2/status/2102216654524440774
1 correction found
nor a year of 3 percent gdp growth since 2008 (except, barely, 2013, and 2023, and see 2021 for that one).
This leaves out 2019. The same GDP-growth measure shows U.S. real GDP growth was about 3.35% in 2019, so 2019 was also a 3%+ year after 2008.
Full reasoning
The post says there has not been a year with 3 percent GDP growth since 2008 except 2013 and 2023 (setting aside 2021). But the cited GDP-growth series itself shows another such year: 2019.
- On the Multpl page linked in the post, the annual table lists Dec 31, 2019: 3.35% for U.S. real GDP growth.
- A FRED series sourced from the U.S. Bureau of Economic Analysis likewise shows Q4 2019: 3.4% for real GDP growth measured as percent change from the same quarter a year earlier.
So, under the measure the post is using, 2019 also exceeds 3%. That makes the statement incorrect because 2019 is an omitted counterexample.
2 sources
- US Real GDP Growth Rate by Year - Multpl
Date Value ... Dec 31, 2023 3.39% ... Dec 31, 2019 3.35% ... Dec 31, 2013 3.01% ... Source: US Bureau of Economic Analysis
- Real Gross Domestic Product | FRED | St. Louis Fed
Observations Q4 2019: 3.4 | Percent Change from Quarter One Year Ago, Seasonally Adjusted | Quarterly ... Source: U.S. Bureau of Economic Analysis