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Old 27-11-2019, 15:24
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KostiaFM KostiaFM is offline
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Default Re: Daily Economic news by ForexMart

27.11. US GDP growth revised up to 2.1%

According to the press release from the US Department of Commerce, the US economy grew at a 2.1% annual pace in the III quarter, which exceeded forecasts. Analysts expected to maintain the indicator at the level of the first estimate of 1.9%.

In the first quarter of 2019, the American GDP growth in annual terms amounted to 3.1%, in the second 2%. In the 2018 the figures were the following: in the first quarter the growth was 2.5%, in the second quarter 3.5%, in the third 2.9%, in the fourth 1.1%.

Economists believe that economic growth was caused by a stronger pace of inventory accumulation and a less steep decline in business investment.
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