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1.Market Observations, 8.Was Sticky

30 Jan 2017 (AFR) – Donald Trump will find boosting economic growth a tough act

(30 January 2017, AFR, p30, by Karen Maley)

‘US President Donald Trump is about to find that fulfilling his campaign promise to jolt the US economy out of its torpor is much harder than, say, similar pledges to construct a wall along the entire length of the United States’ southern border with Mexico or reviving the controversial Keystone and Dakota Access oil pipelines. Figures released by the US Commerce Department on Friday showed the US economy lost momentum in fourth quarter, with gross domestic product rising at an annual pace of 1.9 per cent in the last three months of the year, down from the brisk 3.5 per cent clip in the third quarter. The world’s largest economy recorded lacklustre growth of 1.9 per cent for the full year, slightly below the 2.1 per cent average annual rate the US economy has managed since it crawled out of recession in mid-2009.’

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