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Posted On: 11/09/2018 3:58:29 AM
Post# of 65629
GDP Growth Underwhelms in President Barack Obama's Final Months in Office
Economic growth clocked in at 1.9 percent in the last three months of 2016 .
The U.S. economy expanded at a 1.9-percent rate during the final days of President Barack Obama's tenure in the White House, according to gross domestic product revisions published Tuesday by the Census Bureau.
The somewhat underwhelming growth report – which follows an unrevised advance estimate published last month – didn't include any major update to headline growth. Both the first estimate and this second revision showed the economy expand at a 1.9-percent clip in October, November and December.
On the whole, the U.S. economy is believed to have expanded at only a 1.6-percent pace on the year.
https://www.usnews.com/news/articles/2017-02-...-in-office
Economic growth clocked in at 1.9 percent in the last three months of 2016 .
The U.S. economy expanded at a 1.9-percent rate during the final days of President Barack Obama's tenure in the White House, according to gross domestic product revisions published Tuesday by the Census Bureau.
The somewhat underwhelming growth report – which follows an unrevised advance estimate published last month – didn't include any major update to headline growth. Both the first estimate and this second revision showed the economy expand at a 1.9-percent clip in October, November and December.
On the whole, the U.S. economy is believed to have expanded at only a 1.6-percent pace on the year.
https://www.usnews.com/news/articles/2017-02-...-in-office
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