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The Slowing U.S. Economy

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According to Reuters, The U.S. economy slowed more than initially thought in the fourth quarter, keeping growth in 2018 below the Trump administration’s 3 percent annual target, and corporate profits failed to rise for the first time in more than two years. Gross domestic product increased at a 2.2 percent annualized rate, the Commerce Department said on Thursday in its third reading of fourth-quarter GDP growth. That was down from the 2.6 percent pace estimated in February. The economy grew at a 3.4 percent pace in the third quarter. The expansion will be the longest on record in July.

Added on the 28/03/2019 09:58:06 - Copyright : Wochit

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