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Economic growth was slower this year than last year, and last year slower than the year before.

Welcome to VoteFacts.  In the presidential debate we heard Mitt Romney say this about our economy,

"Economic growth was slower this year than last year, and last year it was slower than the year before."

(View video in its entirety by dragging start button backward.  Quote begins at 24 minutes, 10 seconds)

Is this true?  Let's take some time to focus on the facts.  For that we turn to the Bureau of Economic Analysis (BEA).

Last year, 2011, GDP growth was 1.8 percent.  That is down from 2.4 percent from 2010.

• GDP growth has been 2 percent for the first quarter and 1.3 percent for the second quarter.  BEA Table

So, there you have the statement as well as the facts.  Where do you come down on this issue?

VoteFacts original post date:  October 5, 2012



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Economic growth was slower this year than last year and last year it was slower than the year before. Fact or Fiction?
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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