GDP numbers change over the years as economic data is further analyzed. I probably posted here that Obama never hit 3% annual GDP, but now I see that 2015 has been revised up to 3.1%.
Most post-war recessions were followed by an average of 4.6% annual GDP growth.
Anyway, we’re in strange times with the capricious responses to C-19, open borders, rising gas prices, growing inflation, supply chain issues, etc.; however, if 4th quarter growth is at least 1%, 2021 could be the first year with at least 4% GDP since 2000 (2004 came close at 3.8%).
Biden can take his victory lap (with Dr. J at his side - he might get lost otherwise) – growth is good, whoever is in office.
