ZCZC
BCN-39
US-ECONOMY-GROWTH-GDP
US growth still strong 3.5% in July-Sept, despite slower spending
WASHINGTON, Nov 28, 2018 (BSS/AFP) – A jump in US government spending and
business investment in the July-September period held economic growth at a
solid 3.5 percent rate, despite a slowdown in consumer spending, the
government reported Wednesday.
Adding to the strong 4.2 percent growth pace in the second quarter, the US
GDP report confirms President Donald Trump’s tax cuts have helped businesses,
but also contains signs of slowing auto and home purchases.
Despite the headwinds from Trump’s trade wars, that made for the strongest
six-month period since mid-2014.
BSS/AFP/SR/1940 HRS