Today News – U.S. Economy Slows Less Than Expected as Business Spending Holds Up

Today News – U.S. Economy Slows Less Than Expected as Business Spending Holds Up

Today News – U.S. Economy Slows Less Than Expected as Business Spending Holds Up

The U.S. economy slowed to a 2.6% annual growth rate in the fourth quarter, as the stimulus faded from President Donald Trumps late-2017 tax cuts and consumers reined in spending amid nagging uncertainty over his policies, from the trade war with China to the longest-ever government shutdown. But the growth rate, published by the Commerce Department on Thursday, was surprisingly high, exceeding economists average projection for 2.5% growth in gross domestic product based on a survey by the data …

Source: http://c.newsnow.co.uk/A/2/975839251?-42097:28482

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Today News - U.S. Economy Slows Less Than Expected as Business Spending Holds Up