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US economy grew 1.9% in third quarter
Thursday, October 31, 2019 | Tag Cloud Tags: China, Economy, News, Trade, US Economy, War, Washington, Worthy News
(Worthy News) - The U.S. economy grew at an annual rate of 1.9% for the third quarter of 2019 as businesses slowed their investments and consumer spending declined amid a slowdown in global growth and the trade war with China.
An advance estimate from the Commerce Department released Wednesday showed economic growth slowed and gross domestic product for July through September was below the 2% growth rate for the second quarter of the year. But the GDP gain exceeded expectations from analysts who predicted the economy would grow at a slower rate of 1.4%.
The economy grew at a 3.2% annual rate in the first quarter of the year. [ Source: Washington Examiner (Read More...) ]
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