{"id":390280,"date":"2018-12-23T18:50:29","date_gmt":"2018-12-23T17:50:29","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/presstv-us-third-quarter-economic-growth-revised-down\/"},"modified":"2018-12-23T18:50:29","modified_gmt":"2018-12-23T17:50:29","slug":"presstv-us-third-quarter-economic-growth-revised-down","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/presstv-us-third-quarter-economic-growth-revised-down\/","title":{"rendered":"PressTV-US third-quarter economic growth revised down"},"content":{"rendered":"<div>\n<p><strong>The US economy slowed in the third quarter more than previously estimated, and momentum appears to have moderated further early in the fourth quarter.<\/strong><\/p>\n<p>Gross domestic product increased at a 3.4 percent annualized rate, the US Commerce Department said in its third reading of third-quarter GDP growth. That was slightly down from the 3.5 percent pace estimated in October.<\/p>\n<p>The US economy grew at a 4.2 percent pace in the second quarter, which spans from April to June.<\/p>\n<p>Economists believe that economic growth is slowing in the fourth quarter to around 2.5 percent. Some analysts believe that by 2020, GDP growth may be barely above 1 percent or could slip into a recession that year.<\/p>\n<p>The slowing economy is partly the result of a widening trade deficit, sluggish business spending on equipment and a weak housing market.<\/p>\n<p>Consumer spending, which accounts for more than two-thirds of US economic activity, also fell slightly, increasing at a 3.5 percent&#8230;<\/p>\n<\/div>\n<p> <a href=\"http:\/\/www.presstv.ir\/Detail\/2018\/12\/23\/583752\/US-economy--growth\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US economy slowed in the third quarter more than previously estimated, and momentum appears to have moderated further early in the fourth quarter. Gross domestic product increased at a 3.4 percent annualized rate, the US Commerce Department said in its third reading of third-quarter GDP growth. That was slightly down from the 3.5 percent [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-390280","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/390280","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=390280"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/390280\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=390280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=390280"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=390280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}