World

US GDP growth slowed to 2.6pc Q4, bringing growth in 2017 to 2.3pc

Published January 26, 2018 Updated January 26, 2018 02:38pm

After two quarters of expansion above three percent, GDP slowed to 2.6 percent in the October-December period as business inventories fell while imports rose, according to the first estimate from the Commerce Department.

That was slower than analysts expected and meant growth for the year was 2.3 percent, up from the 1.5 percent in 2016 but far below President Donald Trump's three percent goal.

 

Copyright AFP (Agence France-Press), 2018