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US Commerce Department maintains estimate of country's GDP growth in Q3 at 2.1%


December, 20 2019
watermark Economic news

According to the third and final estimate of the US Commerce Department, real gross domestic product (GDP) increased at a 2.1% rate. The indicator coincided with the forecasts of analysts and the second estimate. According to the first estimate, the growth of the US economy in the reporting period amounted to 1.9%.


In the first quarter of this year, the country's GDP growth in annual terms amounted to 3.1%, in the second – 2%. The indicators for 2018 were as follows: 2.5% growth in the first quarter, in the second – 3.5%, in the third – 2.9%, and in the fourth – 1.1%.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.