America's economy grew at its weakest pace since Trump took office

  • 📰 CNN
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 95%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

The US economy expanded at an annualized rate of 2.1% in the final quarter of 2019, according to a preliminary estimate from the Commerce Department.

The economy expanded by 2.3% last year, its lowest level since 2016, when growth stood at 1.6%. The economy under President Donald Trump has been consistently strong but not electric. In its best year, 2018, the economy expanded at a 2.9% clip. In 2017, it grew by 2.4%.The dropoff in 2019 was because personal consumption and exports fell, according to the Commerce Department.In the final quarter of the year, the economy grew at an annualized rate of 2.1%.

This was in line with the consensus forecasts of economists polled by Refinitiv, and matched the growth rate of the third quarter. Read MoreThe economy's growth slowed throughout 2019. Although the first quarter of the year pushed ahead with more than 3% annualized growth, the remaining three quarters of the year were all around the 2% mark.Economic indicators are pointing at opposing directions for future growth.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

And we hate that America is prospering. DeathofRealNews

Thanks President Obama

what do you expect these liars to say ... we will never really know anything about the government again with this administration

and the Prediction was 2.0% we are getting there !

Muh gdp

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines