U.S. Growth at Slowest Since 2016
The numbers complicate Trump’s economic pitch
The American economy turned in a weaker annual performance last year than in 2018, held back by developments that set the stage for slower growth to come.
Gross domestic product — which measures the value of goods and services produced inside the United States — grew at a 2.1 percent annual rate between October and December, the same as the previous three months, according to preliminary data released by the Commerce Department on Thursday.
A shrinking trade deficit resulting from a steep falloff in imports helped bolster the fourth quarter’s reading, as did a revived housing sector. Consumer spending expanded, but at a slower pace than during the summer.
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