Right in-your-face
U.S. GDP growth slows to 2.3% in 2019
U.S. gross domestic product grew at a 2.1% annual rate in the final quarter of last year, theCommerce Department said on Thursday. For all of 2019, economic growth came in at 2.3% — less than the 2.9% in 2018.
Why it matters: The initial estimates from the government show that 2019 was the slowest pace of economic growth since Trump took office. The boost from the tax cuts gave way to pain from the trade war. Exports slumped, while uncertain business leaders held off on spending.