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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: