The US economy grew at a faster clip than even Donald Trump’s presidential administration had expected, according to the latest Commerce Department report which was delayed by the government shutdown. While significantly lower than Q3’s annualized rate of growth of 3.4%, the Q4 result of 2.6% is 0.4% higher than expected and above average when compared to other years in this period of economic expansion. GDP Exceeded Trump’s 2018 Target But Slowed in Q4 While slowing toward the close of the year, overall the GDP for 2018 came in at 3.1%, 0.1% higher than the yearly target outlined by the Trump
The post Q4 US Economic Growth Beat Even Donald Trump’s Expectations appeared first on CCN
source https://www.ccn.com/q4-us-economic-growth-beat-even-donald-trumps-expectations
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