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US economy grew at 2.6% rate in fourth quarter


The U.S. Economy Growth by 2.6 percent this winter.

This is also the best-rated GDPNow, a real-time tracker tracked by the Federal Reserve Bank of Atlanta, which has a downward trend of 1.8 percent earlier this week. the shutdown.

“Overall, with the expectation of a fairly low going into this report. economy for investor, ”said Charlie Ripley, senior investment strategist for Alliance Investment Management.

Release of the fourth quarter GDP by the Bureau of Economic Analysis (BEA) was delayed by almost one month. history.

In 2018, the GDP increased by 2.9 percent (compared to 2.2 percent in 2017). That's the same annual growth in 2015, which was the fastest pace since 2005.

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Mark Hamrick, the chief, said "For the full year, growth was impressive," economist for Bankrate.com.

White House officials also applauded the number. The Secretary of Commerce Wilbur Ross got the GDP – which they were buoyed by the 2017 Tax Cuts and Jobs Act – "beat expectations comfortably."

"President Trump has unleashed a growth in GDP growth in 2018," he said in a statement.

In the middle of February, U.S. the largest drop since the end of 2018. According to the Department of Commerce, retail sales fell by 1.2 percent, the largest decline since September 2009, when the US was still recovering from the Great Recession.

The BEA generally provides three estimates of GDP for each quarter; however, they will provide two readings this quarter. 28th of March.

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In the July-September period, the U.S. economy grew by 3.4 percent.

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