US economic growth rate was lower than 3 percent last year
The Trump administration did not reach the 3 percent growthtarget for the US economy last year as corporate investment declined even more amid trade tensions.
The Department of Commerce’s statistical institute announced on Thursday that the United States’ gross domestic product increased by 2.3 percent in 2019, the worst since 2016. One year earlier, in 2018, the US economy grew by 2.9 percent. (MTI)
Related news
Fitch: Global economy recovering as tariff war eases – China and US may drive growth
Fitch Ratings expects stronger-than-expected economic performance in 2025: according to…
Read more >Hungarian-American agricultural diplomacy is experiencing a golden age
Hungarian-American bilateral relations are growing stronger, whether it is politics,…
Read more >Serious negotiations are underway to end the tariff war
Only with sincere intentions can we negotiate – this is…
Read more >Related news
GKI analysis: Why do Hungarian households live more poorly than anyone else in the EU?
Imagine that the residents of every EU country shop in…
Read more >KSH: industrial producer prices decreased by 0.7 percent in May 2025 compared to the previous month, and increased by an average of 6.9 percent compared to a year earlier
In May 2025, industrial producer prices were 6.9 percent higher…
Read more >Consumption drives the economy
According to the latest forecast by the Balance Institute, the…
Read more >