Hassett rips bad math on US economic growth
“There are two different ways to measure year and one is year-over-year and quarter-four-over-quarter-four,” he told FOX Business’ Stuart Varney on Thursday. “And everybody is picking the lower number because they don’t want to give the president credit for 3.1 [percent].”
Hassett also added that despite a poor first-quarter seasonal adjustment process over the last decade, he still expects 3 percent growth in 2019.
“Every Q1 is about 1 percent below what you expect to have for the year,” he said. “We still are very, very confident that we are going to have a 3 percent year for 2019 and so what that means you should expect Q1 to be about 2 [percent].”