US economy slows as growth dips to 2.6% in Q4 - business live

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US economy slows as growth dips to 2.6% in Q4 - business live
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US economy grew at an annual rate of 2.6% last quarter, slower than last summer, the BEA says

  • 📰 The Guardian
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The US has “proved the doubters wrong” by growing faster than expected in the last quarter of 2018, says James Knightley, ING’s chief international economist. Here’s his take: The details show a partial slowdown in consumer spending growth , but it continues to make a strong contribution. In fact, given the equity market turmoil at the time and the poor official retail sales figure for December, this isn’t a bad outcome at all.

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