OVERVIEW

Real GDP Growth @ 2.3% (Q1)... 1988-2003 @ 3.0%...2003-2018 @ 2.0% Average Real GDP Growth Y/Y 12% 8% 4% Q1:18 = 2.3% USA 3.0% Average , 0% th 1988-2003 2.0% Average Grow 2003-2018 -4% -8% -12% 1988 1993 1998 2003 2008 2013 2018 Source: Bureau of Economic Analysis (BEA). Note: Real GDP based on chained 2009 dollars. Growth defined as growth over preceding period, seasonally adjusted annual rate. 281

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