Economic growth in the second quarter of 2019 "not bad"

US President Donald Trump said in a tweet on Friday that economic growth in the second quarter of 2019, which had slowed relative to expectations, "was not bad considering the very heavy load of the anchor from the Fed around our neck ".

US economic growth slowed less than expected in the second quarter of 2019. The drop in consumer spending was partly due to lower exports and inventories, which could ease concerns about the strength of the economy. economy.

The US government said GDP grew at an annual rate of 2.1% in the second quarter of 2019.

Economists polled by Reuters forecast GDP growth of 1.8% in the second quarter of 2019.

The Department of Commerce's relatively optimistic report will probably not prevent the Federal Reserve from raising interest rates next Wednesday for the first time in 10 years, given the growing risk of the economic outlook, as particular because of the American trade war. China.