U.S. GDP growth slows to 2.1% in the 2nd quarter

Data: Bureau of Economic Analysis The U.S. economy grew at a 2.1% annualized rate in the second quarter. =It’s a significant slowdown from the first quarter’s 3.1% growth rate, but still better than the 1.9% economists had expected. Once again, strong consumer spending offset the sharp decline in business investment and trade’s drag on growth. … Read moreU.S. GDP growth slows to 2.1% in the 2nd quarter

World Economic Outlook – July 2019

Still Sluggish Global Growth Global growth remains subdued. Since the April World Economic Outlook (WEO) report, the United States further increased tariffs on certain Chinese imports and China retaliated by raising tariffs on a subset of US imports. Additional escalation was averted following the June G20 summit. Global technology supply chains were threatened by the … Read moreWorld Economic Outlook – July 2019