The US economy got a boost from strong spending on autos, food and clothing in the second quarter. – AFP pic, July 27, 2019.
THE American economy cooled in the second quarter of 2019 to a still-solid pace, government data showed yesterday, while officials also slashed an economic figure prized by President Donald Trump. Newly revised data covering the past five years now show the world’s largest economy actually slowed in the year after Trump and congressional Republicans pushed through a sweeping, US$1.5 trillion tax cut.
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Source: Financial Digest (financialdigest.net)
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