<p>A fairly standard measure to use would be Gross Domestic Product (GDP). Over the past 30 years, US GDP has been growing at approximately 2.5%.</p>

<p>According to trading economics</p>

<blockquote>
  <p>The US economy expanded an annualized 2.3 percent on quarter in the first quarter of 2018, below 2.9 percent in the previous period but beating market expectations of 2 percent</p>
</blockquote>

<p>Using this measure, calling it a boom is a bit much.</p>

<p>Another way to cut the data is by comparing it to the ten-year trend of about 1.5%. Growing 80bps above trend looks a bit better.</p>

<p>So, to answer your question, depending on how you cut the data, it could be considered booming but I wouldn't.</p>

CC BY-SA 4.0
2018-05-08T05:57:55.020Z
2018-05-08T05:57:55.020Z
Jamzy
<p>I realize that it's the political pundits that are saying it, but they never seem to provide evidence that the  economy is "booming".  The dictionary definition of "booming" is <strong>having a period of great prosperity or rapid economic growth</strong>.</p>

<gdp><economic-growth><united-states>
Is there objective evidence that the US economy is "booming"?
BobE
# Is there objective evidence that the US economy is "booming"?

(Asked by: username_0 on 2018-05-07)

I realize that it's the political pundits that are saying it, but they never seem to provide evidence that the economy is "booming". The dictionary definition of "booming" is **having a period of great prosperity or rapid economic growth**.

**Tags:** gdp, economic-growth, united-states


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## 1 answers

### Answer by username_1 on 2018-05-08. Score: 2 | Accepted answer

A fairly standard measure to use would be Gross Domestic Product (GDP). Over the past 30 years, US GDP has been growing at approximately 2.5%.

According to trading economics

> The US economy expanded an annualized 2.3 percent on quarter in the first quarter of 2018, below 2.9 percent in the previous period but beating market expectations of 2 percent

Using this measure, calling it a boom is a bit much.

Another way to cut the data is by comparing it to the ten-year trend of about 1.5%. Growing 80bps above trend looks a bit better.

So, to answer your question, depending on how you cut the data, it could be considered booming but I wouldn't.


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