Economy grows 2.1% in the fourth quarter as GDP gets boost from falling trade deficit

[mystery-ak]

Economy grows 2.1% in the fourth quarter as GDP gets boost from falling trade deficit

Published: Jan 30, 2020 10:22 a.m. ET

Consumer spending slows, business investment lags at year-end

 The numbers: The U.S. economy grew slightly faster than 2% in the final three months of 2019, aided by a temporary plunge in imports and a resurgent housing market. The modest rate of growth likely foreshadows what lies ahead.

Gross domestic product, the official scorecard for the economy, expanded at a 2.1% clip in the fourth quarter. Analysts polled by MarketWatch had forecast a 1.9% increase.

more
https://www.marketwatch.com/story/economy-grows-21-in-the-4th-quarter-as-gdp-gets-big-boost-from-falling-trade-deficit-2020-01-30

[IsailedawayfromFR]

Thank God we had the tariffs to help us along.

As a reminder, most of the tariffs never took place.

It was the threat of tariffs that caused things to change, particularly the dropping of tariffs by the Chinese.

[dfwgator]

Trump is such a liar.

He said we'd get tired from all this winning!

Still not tired!