2019-07-26thehill.com

Previous government data showed Trump had fulfilled his campaign pledge of 3 percent expansion -- a key measure of growth that the president and his allies have used to tout the administration's economic accomplishments -- but the year-over-year figure was lowered to 2.5 percent on Friday.

Trump pledged throughout his 2016 presidential campaign that he would usher in an era of continuous 3 percent growth with sweeping tax cuts and deregulation. Under former President Obama, the economy largely stayed within the bounds of 2 percent growth as it recovered from a recession that ended in the middle of 2009.

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GDP growth in the past three months also slowed notably, falling from a rate of 3.1 percent in the first quarter to 2.1 percent in April through June.



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