US GDP grows at 1.5% annualized rate in third quarter
The US Gross Domestic Product (GDP) decelerated in the first quarter to 1.5% growth in the annualized rate, according to the first estimate of the data, released here.
US Gross Domestic Product (GDP) slowed in the first quarter to 1.5% year-on-year growth, according to the first estimate, released Thursday by the Commerce Department.The number coincided with the forecast of analysts heard by Dow Jones Newswires.In the second quarter, the US economy grew to 3.9% in annualized numbers.In the third quarter, there was a slowdown, with companies preferring to let their inventories fall and also with the slowdown in consumer, corporate and government spending.Year-over-year, the US economy grew by 2% in the third quarter.The figure represents the weakest annual advance since Q1 2014, showing that the economy remains at a modest level in the country.Many economists are considering whether there are signs that the appreciation of the dollar and the devaluation in China could hurt the US economy.International trade, however, had a very small negative impact, while on the other hand there was an expansion in corporate spending on equipment, a cate...
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