U.S Economy reached 3 percent growth in 2018
Mar. 08, 2019
Global Korean Post
The Bureau of Economic Analysis (BEA) has announced that GDP grew by 3.1 percent from the fourth quarter of 2017 to the fourth quarter of 2018.
This marked the fastest fourth quarter to fourth quarter growth since 2005.
2018 was the second year in a row that the economy exceeded market expectations.
The impressive economic growth in 2018 was a strong improvement from the trend prior to when President Donald J. Trump took office.
Growth matched the forecast of 3.1 percent predicted in the President’s 2018 Budget.
The fourth quarter GDP growth last year far exceeded market expectations.
The unemployment rate has remained at or below 4 percent for the past 11 months.
The number of job openings for American workers reached a record high 7.3 million in December of last year.
The economy continues to exceed expectations across the board.