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Main » 2019 » December » 24 » In annual terms, the US economic growth reached 2.1% in the third quarter
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In annual terms, the US economic growth reached 2.1% in the third quarter

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According to the final data of the US Department of Commerce, the country's economic growth in the third quarter showed growth, consumer spending rose more than expected earlier.

Thus, annualized US GDP has reached the level of 2.1%. These coincided with the expectations of experts, as well as with the second estimate provided earlier. 

 

 

Recall in the second quarter economic growth reached 2%.

Also note that the rate of spending by consumers on the basis of which two-thirds of the country's economy in the third quarter grew by 3.2% in annual terms, with expectations at 2.9%.

As for the level of public expenditure, it has also been increased - with a mark of 1.6% to 1.7%.

In turn, the reserves increased by only 69.4 billion dollars, while waiting at a level of 79.8 billion dollars. The instability of commodity stocks led to a reduction in GDP of 0.03% in the third quarter. It is noteworthy that earlier it was reported that this figure has led to an increase in GDP of 0.17%.

The trade deficit reached the level of 990.1 billion dollars in the third quarter, while the preliminary estimate was 988.3 billion dollars. Thus, the foreign trade has led to a reduction in the economy by 0.14% instead of the expected 0.11%.

Earlier this month, according to the results of the Fed meeting, the key interest rate has remained at the same level - 1.5-1.75%. In general, this year the interest rate was reduced three times.

 

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