news & articles

Your go to place to stay updated with the latest news and fun articles from the finance and crypto worlds.

ALERTS | ICOS | STOCKS | CRYPTOS | OPINIONS

© Copyright GGG Inc.

The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. All Content on this site is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto.

U.S. economy grew faster in 2017

Trump: The dollar will 'get stronger and stronger'

The U.S. economy gained momentum in 2017, but growth slowed at the end of the year.

The economy grew 2.3% for the year, the Commerce Department said Friday. That’s well ahead of the 1.5% growth in 2016, but below the 3% target President Trump has set for his first term.

For the final three months of the year, the economy grew at a 2.6% annual rate. That was slower than in the previous six months.

Overall, though, the economy is healthy. Solid consumer spending, increased business investment and rising exports helped propel growth last year.

U.S. consumer confidence was at its highest since 2000. America added 2 million jobs. Unemployment steadily ticked down to 4.1%, the lowest in 17 years. The United States has added jobs for 87 consecutive months. And the stock market boomed to record highs.

CNNMoney (New York) First published January 26, 2018: 8:39 AM ET

No Comments

Post A Comment