BREAKING NEWS

U.S. economic growth was steady and in line with expectations last quarter, but overall growth in 2019 was weaker than the previous year.

Thursday, January 30, 2020 8:39 AM EST

Gross domestic product — which measures the value of goods and services produced inside the United States — grew at a 2.1 percent annual rate between October and December, the same as the previous three months, according to preliminary data released by the Commerce Department on Thursday.

The economy has not expanded by 3 percent or more in a full calendar year since 2005. Year-over-year growth was 2.3 percent in 2019, compared with 2.5 percent a year earlier.

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