The US economy slows | He grew up 2 …

The US economy grew at an annual rate of 2.1% in the second quarter of 2019, according to the first calculation of the evolution of gross domestic product (GDP) during this period, announced Friday by the Ministry of Commerce. . The data reflect the slowdown in the US economy in the second quarter of the year, after recording a growth rate of 3.1% between January and March. However, it is slightly higher than badysts' estimates, which had anticipated an annual growth rate of 1.9%. Most badysts predict that the US Federal Reserve (EDF) will lower the interest rate at its meeting next week.

Consumer spending, which accounts for two-thirds of US economic activity, grew by 4.3%, up from 1.1% in the first quarter, while business fixed investment declined by 0%. , 8 percent, the largest quarterly decline in three years.

The growth figure is released shortly before the Fed's next monetary policy meeting, during which it could lower interest rates, currently between 2.25% and 2.5%. More than 95% of the 111 economists surveyed by Reuters from July 16 to 24 predicted a 25 basis point cut at the July 30-31 meeting. Only two are expecting a rate cut of 50 basis points, while two others have said the Federal Reserve will keep the rate steady. If the price of money was reduced, it would be the first product in the United States for more than ten years.

President Donald Trump has asked the Fed in late June not to have lowered interest rates, which has prompted the central bank to change its policies. "Despite a Federal Reserve that does not know what it's doing, rates have gone up too fast (very low inflation, slowdown, easing and easing in other parts of the world) and adjustments At a large scale, $ 50 billion a month, we are well on our way to experiencing one of the best June months in the history of the United States, "he wrote on Twitter on June 24, before adding: "Think about what it could have been if the Fed had acted well: thousands of points higher in the Dow, and a GDP at 4 or even 5. Now they stay, as a stubborn child, when we need rate cuts and relief, to make up for what other countries are doing against us, "he said.

In recent months, the US economy has given mixed signals about its condition. On the one hand, the labor market remains strong with an unemployment rate of less than 4%, at levels not seen in half a century; while inflation remains contained and below the Fed's 2% annual target. Similarly, the trade war unleashed with China over US trade protectionism has raised concerns among entrepreneurs, with billionaires importing and importing rights.