FOCUS OF THE DAY: The final value of the US GDP for the fourth quarter
Dear traders,
The U.S. Commerce Department will release final figures on fourth-quarter economic growthat 16:30 MSK on Thursday, March 28).
It is expected to show the economy expanded at an annual rate of 2.4% in the last three months of 2018, downwardly revised from a preliminary estimate of 2.6%. It expanded by 3.4% in the third quarter of last year.
The economy is losing speed as the stimulus from a $1.5 trillion tax cut package and increased government spending fades. A trade war between the United States and China, softening global growth and uncertainty over Britain’s exit from the European Union are clouding the outlook. (Investing.com)
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