US economic growth slows marginally to 1.9% in Q3 from 2% in June quarter

The economy expanded 1.9 per cent in the July-September period, well above economists’ expectations but a notch lower than the 2 per cent growth seen in the second quarter.
The US economy slowed a touch in the third quarter but remained solid, thanks to a pick-up in home sales and steady consumer spending, government figures showed on Wednesday. Gross domestic growth avoided the steeper drop feared by economists, but the US-China trade war still walloped the business sector, according to commerce department data.

The economy expanded 1.9 per cent in the July-September period, well above economists’ expectations but a notch lower than the 2 per cent growth seen in the second quarter. 



Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel