US economy grew faster in Q3, but trade woes continue

Sun Online Desk

28th November, 2019 02:22:02 printer

US economy grew faster in Q3, but trade woes continue

 

The US economy grew faster than originally reported in the July-September period and prices remain tame, but amid the unresolved trade war with China economists and businesses note some worrying issues persist, reports AFP.

Higher exports and residential investment helped boost growth to a 2.1 percent annual rate from the 1.9 percent estimated last month for the third quarter, according to the more complete data the Commerce Department released Wednesday.

But economists note the apparent good news on the economy is tempered by some concerning elements, reflected once again in a nationwide survey by the Federal Reserve, showing continued concerns about the impact of tariffs and trade tensions.

 


Top