US economic growth slows in second quarter as trade disputes take toll
by Dominic Rushe from Economics | The Guardian on (#4KZNF)
Decline was slower than expected as US gross domestic product grew at an annual rate of 2.1% between April and June
US economic growth slowed in the second quarter of 2019 as trade disputes and a global slowdown took their toll, the commerce department announced on Friday.
Revised figures from previous quarters showed the US narrowly missed Donald Trump's pledge to grow the economy by over 3% last year. The commerce department pegged growth at 2.9% in 2018.
Related: Americans positive on economy but views deeply split by politics and wealth
Q2 GDP Up 2.1% Not bad considering we have the very heavy weight of the Federal Reserve anchor wrapped around our neck. Almost no inflation. USA is set to Zoom!
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