Pace of Growth Slows After Losing Momentum Generated by Tax Cuts

“Many economists expect growth to drop below 2 percent in the first quarter, in part because of the partial government shutdown, which began in December and extended through most of January” reports The American economy slowed at the end of 2018 — and there could be a further slowdown to come.It’s important to keep the cooling economy in perspective.That marks a significant slowdown from the middle of the year, when a sugar high fueled by tax cuts and government spending increases briefly pushed growth above 4 percent.

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