WASHINGTON, Dec 18 — Nearly half the US counties carried by President Donald Trump in the 2016 election were arguably in recession at the time, with local economic output shrinking during a campaign that focused on the declining fortunes of blue-collar America. New data released by the US...
Wednesday, 18 Dec 2019 03:32 PM MYT
The numbers also shine a light on why, even with the economy buffeted by recent recession worries and uncertainty around the direction of global trade policy, Trump may carry built-in strengths into his re-election campaign next year: the bounceback from that 2016 slump has been strong and widespread, at least through 2018, according to the data released last week.
For the US economy as a whole, 2016 was an off year. Economic growth slowed to a tepid 1.6 per cent annual rate, which was a five-year low and a sharp drop from the 2.9 per cent pace of 2015. The data re-enforce some common themes — of the growing economic clout of the largest cities, for example, and of the shrinking economic share of the economy accounted for by small towns and rural communities.
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