U.S. Economy Slides during Trump’s First Quarter as President … GDP Growth Rate Falls to 0.7% … Weakest Since 2014

Atridim News Journal

U.S. economic growth fell to a snail’s pace during Trump’s first quarter as president. GDP grew at an annualized rate of 0.7% in the first quarter of 2017, down from 2.1% growth in the fourth quarter of 2016.

The deceleration in real GDP in the first quarter was mostly a result of weak personal consumption due to lower auto sales and home-heating bills and a downturn in private inventory investment and in state and local government spending. An upturn in oil drilling and exports and accelerations in both nonresidential and residential fixed investment helped limit the overall GDP deceleration.

GDP Growth Rate in the United States averaged 3.21 percent from 1947 until 2017, reaching an all time high of 16.90 percent in the first quarter of 1950 and a record low of -10 percent in the first quarter of 1958.

image

GDP…What is it?

‘GDP’ represents ‘Gross Domestic Product’…a market value…

View original post 235 more words

About Brittius

Direct Descendant of, Roman General, and Consul of Rome, BRITTIUS, of the Imperial Roman Army.
This entry was posted in Global Situation. Bookmark the permalink.

2 Responses to U.S. Economy Slides during Trump’s First Quarter as President … GDP Growth Rate Falls to 0.7% … Weakest Since 2014

  1. atridim says:

    Captain Rick thanks you for your reblog!

    Like

Comments are closed.