Are Election Years Good For The Economy

Data from 1948 until today show that the us economy tends to perform better in election years.

Are election years good for the economy. Not a lot better but clearly better. It seems that during every presidential election year we are told that jobs and the economy will be pivotal issues. It s commonly assumed that an incumbent president has little to worry about if the economy is good and there are lots of jobs.

Historically election years have delivered a boost to the us economy but the circumstances are different this time around. Bloom s take on the uncertainty in this election. If there s one thing we all can agree on it s that the presidential race is often filled with surprises.

Election years can bring economic surprises as well. In the three years prior to the pandemic there were an additional 6 4 million jobs. In the three years to 2019 the average rate of growth was 2 5 per cent bang in line with the trend he inherited.

Each election year many of us feel uncertain about the new personnel and policy changes that could be in store for our country. It s the economy stupid became the rallying cry for the clinton campaign of 1992. The economy under trump in six charts by reality check team bbc news published 3 november.

Economy some analysts say. So there s also a real cost to the economy of increased uncertainty. In the years leading up to an election sitting presidents tend to roll out new policies or push for lower taxes in an effort to bolster the u s.

Gdp growth is on average 0 3 higher than in non election years. And this year the american economy has contracted at the fastest rate seen in. In its latest forecast before the 2016 election the congressional budget office cbo projected that the economy would add 1 9 million jobs in the next three years.