The numbers: The economy grew somewhat slower in the final three months of 2018 than it originally appeared, largely because of softer consumer spending and a weaker climate for business investment that’s likely to depress growth in the first quarter as well.
Even after the downward revision, however, GDP for all of 2018 was left at 2.9%. That matched 2015 for the best performance since the Great Recession a decade ago. The rate of inflation, measured by the PCE index, was unaltered at 1.5%. Most other figures in the revised GDP were little changed.
Source: Financial Digest (financialdigest.net)
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