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Manila Bulletin devider devider US economy cools in Q4

US economy cools in Q4

Published Jan 28, 2018 12:00 am
By AFP Washington – The world's largest economy slowed in the final quarter of 2017, bringing US GDP expansion for the year below President Donald Trump's ambitious three percent target, according to data released Friday. The slowdown underscored the difficulty the administration faces in making good on an emblematic pledge. The White House believes the massive tax cuts passed last month will energize the economy and offset the $1.5- trillion cost of the tax overhaul, but economists say this is not likely and any growth bump will be modest.  
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