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Gavin Newsom: “GDP growth contracting. Well, at least it's fallen from that…”

Featuring: Gavin Newsom, Democratic | Governor of California

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LIVE: California Gov. Gavin Newsom proposes revised budget | KTVU

Published | Video Starts at 12:35

This is what he inherited day one. He got in. We had GDP growth which was quote, unquote, the envy of the world headlines. Economists, others. Now we see GDP growth contracting. Well, at least it's fallen from that growth. 2.8%. We've seen U.S. inflation. You saw the 3.8% numbers just came out two days ago. Highest it's been in three years. And unemployment has gone up since Donald Trump. (12:35–12:41)

CLAIM

Asserts that GDP growth has contracted to 2.8%.

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Gavin Newsom

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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