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Fourth-quarter GDP rose only 2.1% and full-year 2019 posts slowest growth in three years at 2.3%
KEY POINTS
- The U.S. economy grew 2.1% in the fourth quarter, matching estimates.
- The 2.3% growth in U.S. gross domestic product for the full year was below the 2.9% increase from 2018 and the 2.4% gain in 2017.
- It also was well below the White House’s projections following the 2017 tax revamp.
- Continued gains in consumer spending helped propel the economy in the year’s final three months.
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nbc.com/2020/01/30/us-gdp-q4-2019-first-reading.html