U.S. GDP growth slows down in Q2

The economic growth in the United States slowed down in Q2 to 2.1 percent compared to 3.1 percent a quarter earlier, the Commerce Department reported on Friday. This is the weakest increase since Q1 of 2017 when President Donald Trump took office, CNBC said. Trump himself deemed the report “not bad”, once again pointing out to the monetary policy from the Federal Reserve, which he considers too tight.

Consumer spending supported  GDP growth in April-June, while, on the other side, a pullback in business investment weighted it down.

(CNBC)