US economic growth slows down after a decline in rapid trade

Economic development in the US slowed down at the end of the previous year, as trade declined rapidly than expected and the country collided with storms and labor attacks.

According to the US Commerce Department, the economy expanded below 3.1% at an annual rate of 2.3% between October and December.

Fuel speed due to solid increase in consumer spending was still weaker than economists.

The figures indicate further challenges for US President Donald Trump, as he wants a major shake-up of economic policies.

He has said that he wants to implement high tariffs on imports, of which it can be declared this week this week.

The US economy was estimated to expand 2.5% in the last three months of 2024, but analysts stated that the details of the Commerce Department’s report were suggested that the growth was solid.