Say it one more time: the economy is slowing
Say it one more time: the economy is slowing"
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The U.S. economy grew somewhat more slowly at the end of last year than initially thought. Forecasts suggest that slowdown will continue in 2019. The Commerce Department now says the economy
grew at an annual rate of 2.2 percent in the fourth quarter of last year. That’s down from the department’s original estimate of 2.6 percent growth. The revised numbers — which include more
complete information — suggest somewhat lower spending by consumers and state and local governments, as well as reduced business investment. The growth rate for all of 2018 — measured by
comparing the fourth quarter to the same period a year earlier — was also revised downward from 3.1 percent to 3 percent. READ THIS STORY FOR FREE To continue reading, sign up for our
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