US economy grew more slowly in 2018
The US economy grew less than previously thought last year, missing the target of 3%.
Revised official figures show that GDP expanded by 2.5% during 2018.
GDP grew at an annual rate of 2.1% between April and June, ahead of expectations but below 3.1% recorded in the first three months of the year.
Growth in the second quarter was better than the 1.8% expansion forecast, and was supported by stronger consumer spending and a jump in government spending.
However, the pace fell short of the first quarter as both foreign trade and business investment shrank
The US economy grew less than previously thought last year, missing the target of 3%.
Revised official figures show that GDP expanded by 2.5% during 2018.
GDP grew at an annual rate of 2.1% between April and June, ahead of expectations but below 3.1% recorded in the first three months of the year.
Growth in the second quarter was better than the 1.8% expansion forecast, and was supported by stronger consumer spending and a jump in government spending.
However, the pace fell short of the first quarter as both foreign trade and business investment shrank