Trump crows about his economy, which is starting to slow

Trump crows about his economy, which is starting to slow

But it was strong enough to extend one of the economy's best stretches in recent years. That's the largest increase in more than three years. The growth cycle that began in mid-2009 already ranks as the third-longest ever and is set to become the second-longest this spring.

"The annual growth contribution of the services industry has fallen from 2.7 percentage points in 2014 to 1.3 percentage points in 2017, with the industry growing by only 1.6% in 2017 - its weakest growth rate since 2011". While warning "not to get carried away", he added: "It seems like nothing can go wrong for the USA economy in 2018". Rising imports underscore the challenges that the Trump administration faces in its quest to boost annual GDP growth to 3 per cent as USA consumers bought more imported goods.

Aberdeen Standard Investments' chief economist Lucy O'Carroll agreed: "What matters most for the long-term health of the United Kingdom economy is improving its productivity performance". While the overall recovery will continue in Argentina - which endured a 2.2% contraction during the recession in 2016 - it is only projected to grow by 2.5% in 2018, down slightly from the 2.8% estimate for 2017.

Fourth-quarter GDP was dragged down mainly because the trade deficit widened, as imports rose at double the pace of exports. Government spending rose at a 3 percent pace amid post-hurricane rebuilding efforts. Business spending on equipment jumped 11.4%.

Still, administration officials were pleased by a 2.9 percent uptick in orders for durable goods - well above the 0.8 percent increase analysts were expecting.

And it isn't good news for the national debt either.

Virat Kohli needs someone to point out his mistakes: Virender Sehwag
Coming to the summary of the first two test matches, team India batting lineup got collapsed in the fourth innings especially. It is the first time since Perth in January 2012 that India are fielding an all-pace attack in a Test match.

A key category of business spending also broke out. The department said a decline in private inventory investments coupled with an increase in imports, which are subtracted from the GDP calculation, accounted for the slow down.

'The boost to the economy at the end of the year came from a range of services including recruitment agencies, letting agents and office management.

Still, throughout his campaign, he predicted that GDP growth would hit 3% - stretching his prediction to include even faster change recently.

Consumers willingly loosened their purse strings for the holiday shopping season and matching their elevated optimism, the personal savings rate fell to a low 2.6 percent in Q4, the third lowest in history (see chart below). Excluding food and energy prices, the PCE price index increased 1.5 per cent last year, compared with an increase of 1.8 per cent a year earlier.

While the region is generally poised for growth, Werner and the International Monetary Fund warn that challenges remain for the longer-term and several risks, notably the many elections looming in the region this year, could disrupt expectations.