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US economies grew to 2.6% interest rate in the fourth quarter



The US economy grew by 2.6 percent this winter and hit analysts' estimates by 2.3 percent thanks to solid consumer and business expenses.

It also comprised GDPNow, a real-time tracker monitored by the Federal Reserve Bank of Atlanta, which lowered its estimate to 1.8 percent earlier this week, mainly due to a wicked retail outlook, which was partly due to of the government's closure.

Fourth Quarter Release of the Bureau of Economic Analysis (BEA) was delayed by nearly a month due to the 35-day partial government closure, the longest in US history.

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8, GDP grew by an estimated 2.9 percent (compared to 2.2 percent in 2017), lacking the cramped Trump administration's target of 3 percent growth for the year.

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In mid-February, the US retail market recorded its biggest fall for more than nine years, spreading fears of an economy c-decline and decline in consumer spending by the end of 2018. According to the Department of Commerce, retail sales by 1.2 percent, the biggest decline since September 2009, when the US was still recovering from the major recession.

BEA usually provides three estimates of GDP for each quarter; However, they will only provide two readings in the quarter. The final reading remains on the track before March 28.

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In July-September, the US economy grew by 3.4 percent.


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