Analysts are concerned that the US economy is performing much worse than the US government previously announced. Apparently, China is not the only one creating difficulties for the world economy.
US industrial orders fell. Durable goods orders, including home appliances, fell 5.1 percent in December, the Commerce Department in Washington announced. A month ago, it was about a 0.5 percent decline. Industry provides about 12 percent of economic production in the United States. Due to the strong dollar, exports are under pressure, making American goods more expensive in the global market.
In the upcoming GDP data, many experts expect a significant decline in the economy: the annual growth rate may be only 0.8 percent, after 2.0 percent in the summer months.
Experts have lowered the forecast for the growth of the US economy
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