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The economic growth rate is 1.5%.

Welcome to VoteFacts.  We saw an ad by the Republican National Committee (RNC) that aired July 27, 2012 , claiming,  "rate of growth is 1.5%".

We figured that this was a pretty vital thing to get right, given how important this election is to the future of our economy.  So, we're taking you to the most reliable places to figure out the fact or fiction status of that claim.

According to the Bureau of Economic Analysis, the most recent growth rate was 1.7%.  (BEA Table).

Here is what the Congressional Research Service (CRS) says about the growth rate of the economy (aka, GDP)

• If recent trends in labor force and productivity growth continue, real GDP growth above about 2.5% will be needed to push down the unemployment rate from its currently elevated level.  CRS, Page 3

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Resources:

BEA Website
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Voting Key


Fact = 100% - 92% True
Mostly Fact = 91% - 75% True
Slightly Fact = 74% - 60% True
Split = 59% - 50% True
Slightly Fiction = 49% - 30% True
Mostly Fiction = 29% - 10% True
Fiction = 9% - 0% True