Trump official brushes off ‘doom and gloom’ as GDP growth slows

US economic growth slowed to its lowest level in three years in 2019 – but a senior Trump official brushed off “doom and gloom” over the figures.

GDP rose by 2.3% last year – missing the administration’s 3% target for a second year in a row – according to data from the commerce department.

It was down from 2.9% in 2018.

The figures suggested Mr Trump’s $1.5tr tax cut package had provided only a temporary boost to the world’s biggest economy.

The moderate pace of growth appears to undermine Republicans’ claims that the scale of expansion would pay for the tax cuts – which are expected to help push the federal budget deficit to $1.02tr this year.

Mark Gibson

Graduates in Northwestern University, Evanston, Illinois 1990. Move to Los Angeles California in 2004. Specialized in Internet journalism.

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