29th June 2020

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What was the GDP in 2003?

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DateValue
Dec 31, 200314.15 trillion
Dec 31, 200213.56 trillion
Dec 31, 200113.28 trillion
Dec 31, 200013.26 trillion

Furthermore, what was the economy like in 2003?

But in 2003, the economy's recurring refrain was the phrase "jobless recovery." The year began with worries about war in Iraq. The Dow fell below 8,000 in February, the economy was, as Wharton School of Business economist Jeremy Siegal put it, "nervous, anxious and waiting."

Also to know, what was the GDP for the last 10 years?

U.S. gdp growth rate for 2018 was 2.86%, a 0.64% increase from 2017. U.S. gdp growth rate for 2017 was 2.22%, a 0.65% increase from 2016.

U.S. GDP Growth Rate 1961-2020.
U.S. GDP Growth Rate - Historical Data
YearGDP Growth (%)Annual Change
20161.57%-1.31%
20152.88%0.43%
20142.45%0.61%

Was there a recession in 2003?

The 2001 recession was an eight-month economic downturn that began in March and lasted through November. 1? While the economy recovered in the fourth quarter of that year, the impact lingered and the national unemployment continued to climb, reaching 6% in June 2003.

What did Trump do for the economy?

A key part of President Trump's economic strategy during his first three years (2017–2019) was to boost economic growth via tax cuts and additional spending, both of which significantly increased federal budget deficits.
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