Express
US 2019 Q2 GDP Growth Slowed To 2.1%
Summary: The US Commerce Department released a report on Friday that the US economy was affected by tariffs and the global economic slowdown. GDP in Q2 only increased by 2.1%, down from 3.1% in Q1. This is the lowest increase since the inauguration of US President Trump in 2017 Q1. The report also showed that personal ...
The US Commerce Department released a report on Friday that the US economy was affected by tariffs and the global economic slowdown. GDP in Q2 only increased by 2.1%, down from 3.1% in Q1. This is the lowest increase since the inauguration of US President Trump in 2017 Q1. The report also showed that personal consumption expenditure increased by 4.5%, which is the best performance in four and a half years. At the same time, total domestic private investment fell by 5.5%, makes the lowest level since 2015 Q4.
