Final US growth figures under Obama are a triumph – for Trump | Larry Elliott
by Larry Elliott Economics editor from on (#2AFKN)
News that pace of growth slowed in last three months of 2016 by more than Wall Street expected is a boon for new president
The last set of growth figures for Barack Obama's eight years in the White House could hardly have been better. For the new president, that is.
Judging by the preliminary estimates, the pace of US growth slowed in the final three months of 2016 - and by more than Wall Street had been anticipating. Activity expanded at an annualised rate of 1.9% in the fourth quarter, down from 3.5% in the previous three months.
Related: US economic growth slows to lowest rate since 2011
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