The advance estimate of Q2 GDP data will be released this Friday, and the consensus estimate is for real GDP to increase 1.9% in Q2 2019 (Annualized).
Last year, in Q2 2018, GDP increased 4.2%, making it the tenth best quarter for real annualized GDP since Q1 2000.
As I've noted before, based on demographics, 2% is the new 4% (that is just simple arithmetic).
| Top 25 GDP Quarters since 2000 Real GDP, Annualized Rate | ||||
|---|---|---|---|---|
| GDP | Year | Quarter | President | |
| 1 | 7.5% | 2000 | Q2 | Clinton |
| 2 | 7.0% | 2003 | Q3 | GW Bush |
| 3 | 5.4% | 2006 | Q1 | GW Bush |
| 4 | 5.1% | 2014 | Q2 | Obama |
| 5 | 4.9% | 2014 | Q3 | Obama |
| 6 | 4.7% | 2011 | Q4 | Obama |
| 7 | 4.7% | 2003 | Q4 | GW Bush |
| 8 | 4.5% | 2005 | Q1 | GW Bush |
| 9 | 4.5% | 2009 | Q4 | Obama |
| 10 | 4.2% | 2018 | Q2 | Trump |
| 11 | 4.1% | 2004 | Q4 | GW Bush |
| 12 | 3.8% | 2004 | Q3 | GW Bush |
| 13 | 3.7% | 2010 | Q2 | Obama |
| 14 | 3.6% | 2005 | Q3 | GW Bush |
| 15 | 3.6% | 2013 | Q1 | Obama |
| 16 | 3.5% | 2002 | Q1 | GW Bush |
| 17 | 3.5% | 2003 | Q2 | GW Bush |
| 18 | 3.5% | 2006 | Q4 | GW Bush |
| 19 | 3.4% | 2018 | Q3 | Trump |
| 20 | 3.3% | 2015 | Q2 | Obama |
| 21 | 3.3% | 2015 | Q1 | Obama |
| 22 | 3.2% | 2013 | Q4 | Obama |
| 23 | 3.2% | 2013 | Q3 | Obama |
| 24 | 3.2% | 2012 | Q1 | Obama |
| 25 | 3.1% | 2019 | Q1 | Trump |