U.S. economy grew at 3.2 percent annual rate in early 2019, surpassing expectations
Pinterest Inc. signage is displayed outside of the New York Stock Exchange during the company's initial public offering on April 18, 2019. The company raised about $1.4 billion in an above-range initial public offering. . By Heather Long Heather Long Economics correspondent Email Bio Follow April 26 at 8:40 AM The U.S. economy expanded at a strong 3.2 percent annualized rate from January through March, the U.S.
Many economists initially predicted anemic growth at the start of 2019 as the partial government shutdown and a rash of extremely cold weather caused many businesses and consumers to hit the pause button on big purchases, but forecasters raised their estimates to 2.3 percent as it became clear companies were re-stocking their shelves. Growth ended up coming in almost a full percentage point higher than expected, the best start to the year since 2015.
President Trump has vowed he can get the U.S. economy growing at an annual pace of 3 percent — or better. By one growth calculation he achieved that goal last year after the tax cuts and additional government spending spurred more consumer and business spending, but most experts see growth coming in closer to 2 percent this year, more in line with the Obama years.
After a big buying spree in the winter, companies are unlikely to keep expanding their inventory this spring, meaning second quarter growth could take a hit. The unusual jump in U.S. exports is also likely to be hard to sustain. If the trade deficit widens in the second quarter, that would also be a drag on growth.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Ozuna, reggaeton artists win big at the 2019 Billboard Latin Music AwardsOzuna — who is behind one of the biggest hits of the year “Taki Taki” with Selena Gomez, Cardi B and DJ Snake — was the biggest winner of the 2019 Billboard Latin Music awards.
Consulte Mais informação »
2019 Draft: Winners and LosersOnly the first 32 picks are in the books, but the winners and losers after Day O...
Consulte Mais informação »
Final NFL Mock Draft 2019: Could Kyler Murray Really Go No. 1?Forbes contributors make their selections for all 32 picks of the NFL draft's first round.
Consulte Mais informação »
Final NFL Mock Draft 2019: Could Kyler Murray Really Go No. 1?With the NFLDraft2019 kicking off tonight, Forbes' expert SportsMoney contributors weighed in on how the 1st round could go:
Consulte Mais informação »
D.R. Horton shares slip as revenue forecast falls short of estimatesD.R. Horton Inc, the biggest U.S. homebuilder, forecast 2019 revenue below Wall ...
Consulte Mais informação »
NFL mock draft 2019: Sam Farmer makes his final picksThe 2019 NFL draft is hours away from kicking off. Sam Farmer turns in his final NFL mock draft. Who will the Arizona Cardinals select at No. 1 overall?
Consulte Mais informação »
3M cuts 2019 profit outlook on weak China, shares fall 11 percentShares of 3M Co fell 11 percent on Thursday after the U.S. manufacturing conglom...
Consulte Mais informação »
Hip-Hop Cash Princes And Princesses: The Class Of 2019The list of judges for the Hip-Hop Cash Princes and Princesses Class of 2019 includes the late Nipsey Hussle, a 2015 Cash Prince who sent his picks just days before his tragic passing
Consulte Mais informação »