US economy looking durable despite risks from trade conflict

Business 11/27/19, 08:08

A series of government reports Wednesday cast a picture of a steadily growing U.S. economy, fueled by solid consumer spending and defying threats — at least for now — from a U.S.-China trade war and a global slowdown. The Commerce Department estimated that the economy grew at a moderate 2.1% annual ...

US economy grew at solid 3.1% rate in first quarter

Business 06/27/19, 11:32

The U.S. economy grew at a healthy 3.1% rate in the first three months of this year, but signs are mounting that growth has slowed sharply in the current quarter amid slower global growth and a confidence-shaking trade battle between the United States and China. The gain in the gross domestic ...

US economy grew at solid 3.1% rate in Q1

Business 05/30/19, 07:36

The U.S. economy grew at a solid 3.1% rate in the first three months of the year, but much of that gain was based on temporary factors that will likely fade, leaving growth much slower in the current quarter.The Commerce Department said Thursday that the first quarter advance in the ...

US economy revises down Q4 growth rate to 2.2 percent

Business 03/28/19, 07:38

U.S. economic growth slowed sharply in the fourth quarter last year to an annual rate of just 2.2 percent. There are concerns that growth has slowed even more in the first quarter this year as global weakness, fading government stimulus and rising trade tensions have taken on a toll on ...

US economy grew at brisk 3.5 pct. annual rate last quarter

Business 11/28/18, 08:33

The U.S. economy expanded at a solid 3.5 percent annual rate in the July-September quarter, led by lower but still strong consumer spending and more business investment than previously estimated.The Commerce Department's figure for gross domestic product, the broadest measure of the nation's output of goods and services, was the ...

US economy grew at strong 3.5 percent rate in Q3

Business 10/26/18, 08:45

The U.S. economy grew at a robust annual rate of 3.5 percent in the July-September quarter as the strongest burst of consumer spending in nearly four years helped offset a sharp drag from trade.The Commerce Department says the third quarter's gross domestic product, the country's total output of goods and ...

US economy grew at robust 4.2 percent rate in Q2

Business 09/27/18, 08:47

The U.S. economy grew at a robust annual rate of 4.2 percent in the second quarter, the best performance in nearly four years, but economists believe growth has slowed in the current quarter, in part because of a drag from trade.The Commerce Department says the performance of the gross domestic ...

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