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US economy grew at a moderate 2% annual rate last quarter

August 29, 2019

Via: ABC News

The U.S. economy grew more slowly in the spring, and many economists think the slowdown will continue and perhaps complicate President Donald Trump’s hopes that a surging economy enhance his 2020 re-election hopes.

The gross domestic product, the broadest gauge of economic health, advanced at a moderate 2% annual rate in the April-June quarter, down from a 3.1% gain in the first quarter, the government said Thursday. The figure was lower than the government’s initial estimate a month ago of 2.1% annual growth.

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