The third report for real GDP for 4Q2024 and full year 2024 was released today here.
The annual rate of economic growth in 4Q was 2.4%, and 2.8% for 2024.
But here's the big picture.
Real GDP for the 79 years 1929-2008 grew at a compound annual rate of 3.405%.
Real GDP for the 16 years 2008-2024 grew at a compound annual rate of 2.074%, a rate 39% lower.
We have not had, and do not now have, the greatest economy ever at any point since the Great Recession.
