your ads here!

US Economy Grew at 2.6 Percent Rate in Fourth Quarter

No Comments

The U.S. economy slowed in the final three months of last year to an annual growth rate of 2.6 percent, the slowest pace since the beginning of 2018, as various factors including the government shutdown took a toll on growth. Economists believe growth has slowed even more in the current quarter.

The Commerce Department says growth in the gross domestic product in the October-December quarter was down from a 3.4 percent gain in the third quarter. The government says that slower consumer spending was the biggest factor in the slowdown. The 35-day government shutdown shaved an estimated 0.1 percentage point from growth in the fourth quarter.

GDP growth for all of 2018 came in at 2.9 percent, the best showing in three years.

Categories: Економіка

залишити коментар:

Discover more from ЕХО УКРАЇНИ

Subscribe now to keep reading and get access to the full archive.

Continue reading