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US' 2015 economic growth at 2.9%, strongest in past decade

Momentum ebbed significantly in 2016, with economy notching its weakest performance since recession

Reuters  |  Washington 

US economic growth in 2015 was the best since 2005 but the momentum ebbed significantly in 2016, with the economy notching its weakest performance since the recession, according to revised government data published on Friday. The Bureau of Economic Analysis, the government agency that compiles gross domestic product data, said the economy grew 2.9 per cent in 2015, an upward revision from the 2.6 per cent it had estimated earlier. That was the strongest growth since 2005. The government's annual GDP revision, which covered data from 2014 through the first quarter of 2017, ...

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First Published: Fri, July 28 2017. 18:07 IST
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