It’s official.
With Thursday’s final revision of fourth-quarter GDP growth to 2.1 percent from its previous 1.9 percent level, President Obama is the only president since Herbert Hoover to not have guided the US economy to 3 percent growth in any year he was in office.
The US economy grew 1.6 percent in 2016 from the previous years, according to the Commerce Department, which tracks GDP.
Obama’s best year, as far as growing the economy, was 2015 when it grew 2.6 percent from 2014 — after growing 2.4 percent that year from 2013.
The recovering economy — and steady job growth — gave Obama lots of momentum, but the economy sputtered again last year, Commerce reported Thursday.
The government attributed the upward revision in fourth quarter GDP to higher than expected consumer spending in the October-December period.
But even with the upward revision, the US economy was in no danger of achieving 3 percent or better growth last year.