As the world is seeing the end of the year of 2019 we are seeing the results of the development of the economies as they are revealing their yearly growth results and the number of the GDP that is essential to the determination of the economic growth. The United States has recently released the results of the third quarter of its economic growth and they are drawing attention let’s see what do they have to show about the economic condition of the nation.
The United States economy was believed to be slowing down and the major cause for that was being held the global slowdown and the trade war with China that has impacted a lot on a very large scale. But the United States economy overall this year has not performed well and economists are also worried as the nation is very influential and even the slightest changes to the nation’s economy can cause a huge global mess. The nation reported that its GDP growth was at 1.9 percent in the third quarter which led many people to be disappointed in the economy as the nation is known to pull good numbers in growth and be a very important aspect of the overall global growth. What hurt the economy most was the manufacturing and exports that were impacted by the trade war with China.
It is fascinating to observe wherewith the economy fares as the global slowdown gets more effective. It will be entertaining to see how the US brings back the growth number.
Tags : GDP ,