About: http://data.cimple.eu/news-article/d3a3982ae156b4ced3f1ba594c9cca2913427440becf232b8c2b54c4

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About: http://data.cimple.eu/news-article/d3a3982ae156b4ced3f1ba594c9cca2913427440becf232b8c2b54c4 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	The US economy expanded by a solid 2.3 percent in 2019, although that was slower than growth in 2018, according to the government's initial estimate released Thursday. The slowdown in the $21 trillion economy last year came amid worsening trade friction, especially President Donald Trump's confrontation with China, which created uncertainty that made businesses hold off on investments, as well as reducing exports and raising costs for inputs. But consumers remained upbeat and continued to spend and buy homes, which offset weaker business investment along with government spending, according to the Commerce Department data. Even so, the slowdown from the 2.9 percent expansion in 2018 keeps growth far from Trump's promised target of 3.0 percent or higher. Business investments -- a category known as "nonresidential fixed investment" -- slowed sharply last year, rising just 2.1 percent after the 6.1 percent gain in 2018. And exports were flat, reflecting the hit from the trade wars as well as the crisis at Boeing, which has halted production of its top-selling 737 MAX after two deadly crashes led to its grounding in March 2019. In the final three months of the year, gross domestic product rose 2.1 percent, the same pace as in the third quarter and better than economists had forecast. Dt-hs/jm
schema:headline	US economic growth slowed to 2.3% in 2019: official
schema:mentions	2001 Omsk An-70 crash Boeing 737 MAX Gross domestic product China President of the United States Donald Trump Fixed investment Friction United States Department of Commerce
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-01-30 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	62 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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