Performance Budgeting and Management White Papers
Economic Report of the President
Overview In 2004, the U.S. economic recovery blossomed into a full-fledged expansion, with strong output growth and steady improvement in the labor market. Real gross domestic product (GDP) grew by 4.4 percent in 2004 for the year as a whole. About 2.2 million new payroll jobs were created during 2004 - the largest annual gain since 1999. The U.S. economy is on a solid footing for sustained growth in the years to come. This is a marked reversal from the economic situation the Nation faced when President Bush came into office. This paper discusses macroeconomic developments of the past year, the Administration's forecast for the years to come, and several topics related to salient economic issues.
| Publisher | White House | File Format | |
|---|---|---|---|
| Date Published | February 2005 | Downloads | 19 |
| Format | White Papers | ||
| Topics | |||
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