by A modest annual increase from 3 month ago’s report, but still looks to have been trending lower as the tariffs took effect: US GDP Grows 2.1% in Q4, Matches Forecasts The US economy grew 2.1% in Q4, the same as in Q3 and matching forecasts, advance estimates showed. The expansion was supported by consumer and government spending, residential fixed investment, and exports. In contrast, negative contributions came from private inventory investment and nonresidential fixed investment. Considering full 2019, the economy advanced 2.3%, the least since 2016 and missing Trump administration’s 3% target for the 2nd year. This is not looking good either:
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WARREN MOSLER considers the following as important: Economic Releases
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WARREN MOSLER writes Consumer sentiment, real retail sales, industrial production, wages
WARREN MOSLER writes New manufacturers orders, vehicle sales, unemployment claims, rents, oil prices
WARREN MOSLER writes Saudi price hike, private payrolls, new hires, corporate profits
WARREN MOSLER writes Pending home sales, Durable goods orders, oil rigs and production
A modest annual increase from 3 month ago’s report, but still looks to have been trending lower as the tariffs took effect:
US GDP Grows 2.1% in Q4, Matches Forecasts
The US economy grew 2.1% in Q4, the same as in Q3 and matching forecasts, advance estimates showed. The expansion was supported by consumer and government spending, residential fixed investment, and exports. In contrast, negative contributions came from private inventory investment and nonresidential fixed investment. Considering full 2019, the economy advanced 2.3%, the least since 2016 and missing Trump administration’s 3% target for the 2nd year.
This is not looking good either:
