DJIA26135.79
LIVE249.78(0.96%)
NDX7719.32
LIVE115.21(1.52%)

Fourtth-quarter GDP growth cut to 2.2% from 2.6%


Thursday, 28 March 2019 19:50 WIB

ECONOMICEkonomi AS


c_740_198_16777215_00_images_assets_EKONOMI3_GsDP.jpg

The economy grew somewhat slower in the final three months of 2018 than it originally appeared, largely because of softer consumer spending and a weaker climate for business investment that's likely to depress growth in the first quarter as well.

Gross domestic product, the official scorecard for the economy, expanded at a 2.2% annual pace in the fourth quarter, the government said Thursday. GDP was marked down from an initial 2.6% estimate.

What's more, adjusted pretax corporate profits fell slightly in the fourth quarter, marking the first decline in almost two years.

Even after the downward revision, however, GDP for all of 2018 was left at 2.9%. That matched 2015 for the best performance since the Great Recession a decade ago.

Source : MarketWatch


RELATED NEWS

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.