US economy grew at solid 3.1% rate in first quarter

FILE - In this June 19, 2019, file photo cargo containers are stacked on a ship at the Port of Los Angeles in Los Angeles. On Thursday, June 27, the Commerce Department issues the third and final estimate of how the U.S. economy performed in the January-March quarter.

WASHINGTON — The U.S. economy grew at a healthy 3.1% rate in the first three months of this year, but signs are mounting that growth has slowed sharply in the current quarter amid slower global growth and a confidence-shaking trade battle between the United States and China. The Commerce Department reports that the gain in the gross domestic product, the broadest measure of economic health, was unchanged from a month ago. However, the components of growth shifted slightly with stronger business investment and consumer spending slowing more than previously estimated.

Economists believe growth has slowed sharply in the current April-June quarter to around 2%. They expect similar meager gains for the rest of the year, a forecast that runs counter to the Trump administration’s expectations for strong growth above 3%.

Source: Financial Digest (financialdigest.net)

Yeah..they keep saying that

If you placed every economist end to end- you still wouldn't reach a conclusion.

Well duh. At some point it has to stall and there will be a downturn. Market had been in Bull mode for over a decade. When was the last correction because it doesn’t take a money man to know it’s inflated.

Breaking It means Trump is lying through his teeth over the US economy. 3.1% is stagnation. Inflation is higher.

This was announced two months ago.

maggieNYT The economy grew at 3.1%. In other news deficit spending continued and no one will even mention the national debt, let alone do something about it.

Keep saying it and eventually you’ll be right.

maggieNYT We've been hearing this crap for over 2 years. Whatever model you use...blow it up. haters at AP and all other msm fake news forums. You just don't get it.

Surely a delayed result of Obama’s economic policy. The slowdown obviously Trumps finally kicking in. sarcasm

Economists haven’t been right since 2016

winning

Yes by all means 'Headline' the economy into a recession. The Federal Reserve has put an anvil on growth by QT and Rate hikes

It's not a news that the liberals want cos they don't wanna admit to Trump it.

Real news states facts not beliefs. Facts not opinions. Facts not speculation. Try it.

Still short of the 4% minimum they need to balance the Tax Cut bill that is bankrupting the USA. Over a $Trillion Deficit. Highest in history. Every day this 'Great Economy' is creating more debt with a huge Deficit. The GOP does NOT KNOW how to run an Economy.

is still trash

maga

Solid and healthy,but......

Still not fast enough to pay for the über-rich tax giveaway

What exactly has trump done for thislol tax cuts for the rich?

Thank you BarackObama

Who are those enemy of progress 'economists' ?

Count it!

maggieNYT US growth is not ”healthy” as it is largely environmentally unsustainable. In fact it is unhealthy in that Americans’ (and westerners’) resources and carbon footprint is some 10-20 times above the globally sustainable limit, contributing to the gradual erosion of life on earth

give Dem candidates morning coffee BEFORE breaking this news to them

They said the same thing in 2018

How much GDP was generated by central bank spending?

It likely will as we head into an election year and there is uncertainty

AP is a joke. LMAO

Liberals, who can we blame for such a good economy!!!! (sarcasm)

Are these the same Economist who told us the stock market and economy would crash when Trump became President? Are these the same Economist who told us a 3.0 gdp was not sustainable? Do you mean those Economist?

Dems are screwed

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