“The U.S. economy is growing almost twice as fast today as when I took office, and we are considered far and away the hottest economy anywhere in the world – not even close.”
Trump accurately says the most recent numbers, showing 3.4 percent GDP growth in the third quarter of 2018, are roughly twice the 1.8 percent rate from his first quarter in office. But GDP growth fluctuates, going up and down and into negative territory and then up again since the end of the Great Recession.
GDP growth has averaged 2.8 percent per quarter so far in Trump’s presidency, not much higher than President Barack Obama’s average of 2.1 percent for his two terms in office. Trump has seen growth top 4 percent in one quarter, but Obama topped it three times during his term and in one quarter topped 5 percent.