The US economy slows but other factors show recession unlikely
Growth in consumer spending, which accounts for more than two-thirds of US economic activity, surges 4.7%
29 August 2019 - 18:16
Washington — The US economy slowed in the second quarter, but the strongest growth in consumer spending in four-and-a-half years amid a strong labour market could further temper financial market expectations of a recession.
GDP increased at a 2.0% annualised rate, the US commerce department said in its second reading of second-quarter GDP on Thursday. That was a downward revision from the 2.1% pace estimated last month...
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