While the eurozone has been experiencing some difficulties, the United States Gross Domestic Product (GDP) grew at an annualized rate of 2.1% in the fourth quarter of 2019, according to the estimate released on Thursday by the Department of Commerce. The result came in line with the median forecast of analysts.
The Commerce Department also reported that the consumer spending price index (PCE) advanced at an annualized rate of 1.5% in the fourth quarter. The PCE core, which disregards food and energy prices, rose 1.3% in the same period.
Although the results have been positive, the US economy is already showing signs of deceleration. The prospect is that the slowdown will continue, taking into account the impacts of the corona virus on China, generating a ripple effect for the entire global economy.