1 / 2Economy GDPFILE - In this Wednesday, Jan. 22, 2020, file photo, shows the waterfront in Portland, Maine. On Thursday, Jan. 30, the Commerce Department issues the first estimate of how the U.S. economy performed in the fourth quarter. WASHINGTON — The U.S. economy grew at a moderate 2.1% rate in the final three months of 2019, capping a year when growth slowed significantly due to a weaker global economy and trade war uncertainties.
For the whole year, GDP increased 2.3%, the weakest performance in three years and a slowdown from a 2.9% gain in 2018 when the economy got a boost from President Donald Trump’s tax cuts and billions of dollars in increased government spending. While Trump has not achieved his GDP growth goals, he has seen unemployment fall to a 50-year low during his presidency, and after trade tensions with China began to cool late last year, the stock market rebounded and climbed to new record highs.
Story continuesFor the fourth quarter, consumer spending, which accounts for 70% of economic activity, slowed to an annual gain of 1.8%. While that was still a solid number, it was down from a spending surge of 4.6% in the second quarter and 3.2% in the third quarter. The slowdown was led by a drop-off in new car sales.
My paycheck didn't.
Huge not moderate
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America's economy grew at a rate of 2.1% in the fourth quarterThe 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. Despite Trump adding almost one trillion dollars per year to the national debt. What do we have to show for splashing all that cash? My 401k is up 20%. Holy Moly!!!! CNN gives a positive economy report.... will they credit President Trump Probably Not
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U.S. budget deficit to top $1 trillion in 2020 despite strong economy, CBO saysThe U.S. economy will grow at a 'solid' rate of 2.2% this year, the no... it is not a strong economy. Thanks Barrack Hussein Incredible.
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America's economy grew at its weakest pace since Trump took officeThe 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. Muh gdp 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 !
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Fourth quarter GDP could show economy entered a slower growth patch at year-endEconomic growth in the final quarter of the year is expected to be on par with third quarter's 2.1%, but it is also likely to herald the start of a slower trend that could continue through the first half of this year. I have another news headline for you. “50% chance the stock market goes up tomorrow”. Go ahead, you have my permission to use it.
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