US economy grew modestly last quarter against a hazy outlook

Thursday, January 30, 2020

WASHINGTON (AP) — The U.S. economy expanded at a moderate 2.1% annual rate in the final three months of 2019, capping a year when a weak global landscape and a sharp pullback in business investment resulting from President Donald Trump's trade fights combined to slow growth.

The fourth-quarter rise in the gross domestic product — the economy’s total output of goods and services — matched the third-quarter gain, the government said. For all of last year, economic growth — 2.3% — was the weakest since Trump's election in 2016.

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