The warning signs have been evident for almost a year….
Donald Trump’s mindless ticking with it has made things worst and he’ll be running on a “great economy?’
People keep spending their money but, are getting only small wage increases….
The 2017 tax cut did nothing to help…..
Could we be in for a repeat of 2009 where a newly elected Democratic President has to pull the country out of recession caused by a Republican predecessor ?
The data indicates overall growth has slowed since last year, but consumer spending was strong.
Economic growth slowed last spring, but don’t panic: The decade-long expansion has lost some momentum, but there’s little reason to think it is about to stall out.
Gross domestic product, the broadest measure of goods and services produced in the economy, rose at a 2.1 percent annual rate in the second quarter, according to preliminary data released by the Commerce Department on Friday. That represents a significant deceleration from the 3.1 percent growth rate in the first quarter.
But the big swings in the quarterly data are almost certainly exaggerated. The larger trend shows that the economy has cooled since last year, when tax cuts and government spending gave growth a temporary jolt. But the strong job market and robust consumer spending are keeping the recovery on track, even as trade tensions and a slowing global economy are threatening to knock it off course.