U.S. GDP Grew by 3.5 Percent in Third Quarter
The U.S. economy grew at a robust annual rate of 3.5 percent in the July-September quarter as the strongest burst of consumer spending in nearly four years helped offset a sharp drag from trade.
consumer spending
A Very Trumpian May: American Incomes and Savings Rose While Utility Bills Fell
Tax cuts have lowered utility rates this year, leading Americans to spend less on gas, water, and electricity. With incomes rising, this has helped push up the saving rate.
Economic Growth was Even Slower than We Thought at Start of 2018
A bigger pullback in consumer spending brought first-quarter economic growth down to just 2 percent. The good news? The economy appears to have accelerated by a lot in recent months.
Israel First-Quarter GDP Better than Expected at 4.5 Percent Growth
Israel‘s economy grew an annualized 4.5 percent in the first quarter of 2018, faster than previously thought, boosted by gains in consumer spending, investment and export, the Central Bureau of Statistics said in a second estimate.
