The US economy performs better in Q3 than previous estimations

The US economy performs better in Q3 than previous estimations

The year 2019 began with an impressive 3.1% GDP growth in Q1 and plummeted to just 2% in Q2. The projections for Q3 by the Commerce Department were not very optimistic at 1.9%. However, the economy performed slightly better, at 2.1%. The performance is moderately better than estimated. Many economists have projected a weak estimate for the current quarter of about 1%-1.4%. Major reason behind the low projections is the ongoing US-China trade war. It has led to business cutting investments and inventories. The investments fell at a 2.7% annual…

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