Trump says U.S. has the world's "hottest" economy -- he's way off
Lots of good graphs in this article.
Trump says U.S. has the world's "hottest" economy -- he's way off
https://www.cbsnews.com/news/us-economy-is-less-hot-than-president-trump-claimed-in-his-state-of-the-union-address/
By Irina Ivanova
Updated on: February 11, 2019 / 5:33 PM / MoneyWatch
In his State of the Union address, President Donald Trump made a big claim about recent economic growth, extolling the U.S. for having "far and away the hottest economy anywhere in the world."
True, America's economy is strong. But not only is it not the world's hottest -- China, India and a host of other developing nations are growing faster -- it's already significantly cooler than it was just six months ago.
That doesn't mean the country is about to plunge into recession. Most private economists and the Federal Reserve expect the economy to grow at a rate above 2 percent this year. But increasingly, signs are telling workers and investors they shouldn't wait for the expansion to move any faster. Here are the indicators that it has already slowed down.
Unemployment is off record lows..............
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