President Harry Truman had an average annual GDP growth rate of 1.4%. The economy went through two mild recessions during Truman’s term: one in 1945 due to a drop in government spending after the end of WWII and another from 1948 to 1949 as the economy corrected in the wake of a postw...
The trade balance in gross trade was overestimated by 35% and 40% compared to the value-added trade and value-added-in trade. (2) China was a net exporter of embodied pollution and paid huge environmental costs from 1995 to 2011. (3) China’s exports are environmentally worse than the ...