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Trump’s 3% Growth Feat at Risk in Thursday’s Revisions to GDP

Times square in the rain.

Source: Getty Images

The U.S. economy may have slowed more sharply than previously reported at the end of 2018, potentially dragging full-year growth below the 3 percent mark that President Donald Trump has boasted about achieving.

Economists expect the fourth-quarter annualized pace of expansion to be revised down to as low as 1.8 percent from the original figure of 2.6 percent, according to a Bloomberg survey where the median estimate is 2.3 percent. Reasons include new or revised data on retail sales and construction spending and services.