US economy grew 2.3% in 2019

US economy grew 2.3% in 2019

The US Commerce Department has recorded a GDP rise of 2.3% in 2019, its weakest expansion in three years and a slowdown from the 2.9% achieved in the previous year. Official figures show export volumes were hit by the trade war with China and a slowdown in household spending leading to a slowdown in the economy.

David
David
Mike Johanson
Mike Johanson 3 months

1.5 - 2% is what a mature economy typically grows at. (That is measurable by GDP of course). The Fed is seeing very little danger ahead as evidenced by thier low rates. For the economy to still be achieving near 3% for as long as this is amazing and was brought forth by two things: 1. the massive 2008 recession re-bound as capital that was built is being utilized again at lower cost. 2. Trump administration's roll back on income taxes and corporate regulations. Increase regulations and the corporat tax rate while lowering income tax across the board and we should see a substantial rise in real wage growth not seen in over a decade.

Marcus Rogers
Marcus Rogers 3 months

This isn't a bad thing, once you hit the roof, theres not alot further you can go, unless you get Bernie, in which case start hoarding food for a recession lol.

Michael Hedderson
Michael Hedderson 3 months

Enjoy it while it lasts, winter is coming one way or the other.

IDWFTW
IDWFTW 3 months

BREAKING NEWS: ECONOMY IS NO LONGER GROWING AT RECORD SETTING PACE BUT IS STILL MUCH BETTER THAN UNDER OBAMA

Max Maidment
Max Maidment 3 months

They are trying to spin this as a recession. Far from it. Stable growth is the holy grail. Boom and bust cycle is only for making the fed profit.

Young Conservative
Young Conservative 3 months

Holy shit the "Independent" wrote an article on this so incredibly bias, disingenuous and misleading it's laughable, the economy has gone from record high growth to slowing down a bit, and they're trying to categorise it as the 2008 financial crisis, yes it's technically a recession, but that's because you've just had records set and now the economy is slowing a bit, it's still growing, and it's still better then it was last year, it just didn't grow at the same pace. That's different from a crisis ffs. "We knew it would happen and GDP results prove it. Welcome to the Trump recession This isn't a coincidence. You can trace the reasons right back to the president's policies." where TF were these people when Obama's policies slowed the 2008 recovery, when unemployment was high under Obama "you'd need a magic wand to bring back Jobs". Yet the refuse to credit Trump for the economy saying "ItS cAuSe Of ObAmA" and only NOW when growth has slowed they say "this is Trump's fault". The economy still grew, you morons.

Frederic Lück
Frederic Lück 3 months

Obama said that it would take magic to go higher then 1%.

Rhokanth
Rhokanth 3 months

2.3% Despite pulling out of various trade deals, a trade war with China, Fed interest rate uncertainty, etc. I'm failing to see the issue. The EU only expanded 1.1%.

Grand Ol Propaganda
Grand Ol Propaganda 3 months

Thank you Obama for getting the economy on the right track for the big banks and their pockets! Also for these fools that like to give a Moron credit for it!!!! Shame on Bush for destroying it!!! boo!!!!!

Jason
Jason 3 months

It only cost the US a $1 trillion loan!

Miles O'Brien
Miles O'Brien 3 months

Trump said the tariff wars were good for the economy and Americans would not be hurt. Another load of bullshit from the Liar in Chief.

Grand Ol Propaganda
Grand Ol Propaganda 3 months

Tired of whinning?? 🤣🤣🤣

Mark East
Mark East 3 months

this economy is a gig economy half the country can't afford a $500 EMERGENCY let alone Rising health care costs skyrocketing Rent and housing it's only benefiting the rich

SnarkyMeanJean
SnarkyMeanJean 3 months

lowest rate in decades...

Wholly
Wholly 3 months

Thanks Obama!

TehChuckles
TehChuckles 3 months

Still not sick of winning.

Jack
Jack 3 months

Does this matter for the masses that are unaffected by this? No it does not.

OkGo!
OkGo! 3 months

And stocks are up 30% this year. Hakuna Matada!

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